WOO X will support Maker (MKR) token swap to Sky (SKY).
Below are the details of the migration process and key dates to ensure a smooth transition:
General Information
MKR Deposits & Withdrawals:
Deposits and withdrawals for MKR will be suspended on Sep 12 at 3:00 AM (UTC).
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Token Swap Details:
After Sep 17, all MKR tokens held by users will be automatically converted to Sky (SKY) on a 1:24,000 basis.
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Additional Information:
For further details, please refer to the official announcement from the project team.
A separate notification will be issued once deposits and withdrawals for Sky (SKY) are enabled.
Spot & Margin Trading
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Collateral Adjustment:
The collateral factor for MKR will be adjusted as follows:- Reduced to 0.4 on Sep 08 at 3:00 AM (UTC).
- Reduced to 0 on Sep 10 at 3:00 AM (UTC).
Trading Suspension:
WOO X will suspend spot trading for the MKR/USDT pair on Sep 10 at 3:00 AM (UTC).
All open orders will be cancelled, and MKR tokens will no longer be eligible as collateral.
Sky (SKY) Trading:
Trading for the SKY/USDT will be announced at a later date.
Futures Trading
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MKR-PERP Suspension and Delisting:
Trading for MKR-PERP will be suspended on Sep 05 at 8:00 AM (UTC).
The pair will be delisted at 09:00 AM (UTC) on the same day.
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Settlement Details:
All pending orders will be automatically cancelled at the delisting time.
Outstanding positions will be settled based on the average index price (updated every second) over the last 60 minutes before delisting.
Unrealized PnL from MKR-PERP positions will be converted into realized PnL upon delisting.
Sky (SKY) Futures Trading:
Further updates regarding SKY-PERP trading will be shared in due course.
Important Note
Users should be aware of the associated risks before trading. WOO X is not responsible for any losses resulting directly or indirectly from trading.
Thank you for your continued support of WOO X.
WOO X Team