Dear XTers,
XT will support the MKR (Maker) token swap, redenomination, and rebranding to SKY (Sky). The specific arrangements are as follows:
- XT will close MKR deposit and withdrawal services at 03:30 on September 14, 2025 (UTC). (Note: XT will no longer support MKR token deposits and withdrawals thereafter).
- XT will delist the MKR/USDT trading pair at 03:00 on September 15, 2025 (UTC). Please cancel your orders in time. Orders that are not canceled by the deadline will be automatically canceled by the system.
- All MKR tokens held by users will be swapped to SKY tokens at a ratio of 1 MKR = 24,000 SKY.
- XT Futures will automatically liquidate the MKRUSDT USDT-M perpetual futures on August 18, 2025, at 03:00 (UTC), and will remove the MKRUSDT USDT-M perpetual futures trading pair after liquidation. It is recommended that users close their positions before trading stops to avoid automatic settlement of their positions.
- As of 07:30 (UTC) on August 15, 2025, users will not be able to open new positions of the MKRUSDT USDT-M perpetual futures.
- To protect user interests and mitigate potential risks under extreme market conditions, XT Futures may implement additional protective measures for the MKRUSDT USDT-M perpetual futures without further notice. Potential protective measures include, but are not limited to, adjusting leverage and position limits (including the maximum leverage for each tier, position limits, maintenance margin rate), adjusting the funding rate (including the base rate, premium index, rate cap, settlement cycle). The time for re-listing will be announced separately.
- Starting from August 15, 2025, at 07:30 (UTC), XT Futures will close all MKR trading pair API interfaces and proceed with automatic settlement. - XT will delist all MKR financial products on September 12, 2025. Assets not redeemed by users in time will be automatically redeemed by the system on September 13, 2025.
- XT will open SKY/USDT trading service at 08:00 (UTC) on September 17, 2025. The opening time of SKY deposit and withdrawal services will be announced separately.
- For more information, please refer to the Project's Announcement.
Thank you for your support!
XT Team
July 29, 2025
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XT reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.