Sky plans a 5% MKR migration penalty in the September 10 spell

What happened

Sky announced its intention to include the next quarterly MKR-to-SKY penalty increase in an executive spell.

What changed

The proposed conversion penalty increases from 4% to 5%.

What did not change

The proposal does not change USDS or sUSDS redemption terms and does not establish a live penalty increase.

Confirmed

• The notice targets the September 10 spell.
• The increase is explicitly conditional on passage.

Still open

• Passage, execution, and the effective conversion-contract parameter.

What it means for an advisor

• Track the conversion-cost change in Sky diligence notes while preserving the distinction between governance-token migration and savings exposure.