LetsExchange / LetsExchange Blog / LetsExchange lists SKY, the upgraded version of MKR token

LetsExchange lists SKY, the upgraded version of MKR token

Oct 28, 2024 2 min read

LetsExchange, a leading crypto exchange platform that supports the largest number of cryptocurrencies for swaps, now supports the new SKY token, the upgraded version of MKR, introduced as part of the Sky.money rebranding (formerly MakerDAO). LetsExchange users can swap SKY for over 5,000 cryptocurrencies, including popular assets like BTC, ETH, SOL, TON, and more. 

Additionally users can convert their MKR-BEP20 or MKR-ERC20 to SKY.

When swapping SKY on LetsExchange, users can choose between market and fixed rate options. The market rate offers the most competitive exchange rate, drawing from over 20 liquidity providers integrated with the platform, ensuring optimal trading conditions. Alternatively, the fixed rate locks the exchange rate for the duration of the exchange, protecting users from any market volatility. Additionally, this listing allows apps and services integrated with LetsExchange’s crypto exchange solutions to offer SKY to their users.

Alex J., Chief Product Officer (CPO) at LetsExchange, commented on the listing: “At LetsExchange, we’re always looking to expand the variety of promising assets on our platform. By adding SKY, we’re offering our users more opportunities for profitable trades while supporting the continued growth of innovative projects like Sky.money. We’re excited to see the interest this addition will generate, and we’re ready to make swapping SKY seamless for all.”

Sky.money is a non-custodial gateway to the decentralized Sky Protocol, which emerged from the rebranding of MakerDAO, one of the most prominent decentralized finance (DeFi) platforms. Sky's launch is aimed at streamlining the user experience within the DeFi space, focusing on making the protocol more accessible to a wider audience. As part of the rebranding, a new concept called "Sky Stars" has been introduced. These are independent decentralized projects operating within the Sky ecosystem.

LetsExchange, a go-to crypto exchange hub, supports over 5,000 coins and tokens, making it the most extensive platform in the market. In addition to crypto-to-crypto swaps, users can benefit from decentralized exchange (DEX) functionalities, bridge, and on-ramp/off-ramp services. Moreover, LetsExchange partners can easily integrate swap features via API, and the platform provides customizable exchange widgets and Telegram bots to offer added flexibility and convenience for users and developers alike.