Sky Price, Live Chart & Market Cap

Sky: A High-Utility DeFi Platform for Staking, Borrowing, and Decentralized Savings

Sky Overview

Sky expands MakerDAO’s decentralized stablecoin model under a new brand. With USDS as its stable currency, Sky delivers flexible borrowing, staking, and real-world collateral. SKY holders shape decisions, ensuring resilience and seamless DeFi adoption.

Sky: Next-Gen DeFi Governance & Stablecoin

Utility & Use Cases SKY

Staking Rewards

By staking SKY, users earn variable returns and guide protocol parameters, promoting active governance and shared benefits.

Collateralized Borrowing

Lock assets like ETH or real-world tokens in a vault and mint USDS. This lets you borrow without selling your crypto holdings.

DAO Governance

SKY token holders vote on rates, new collaterals, and protocol updates, driving Sky’s decentralized decisions and future direction.

Liquidity Pools

USDS pairs with other coins in DeFi pools. Users earn fees or yield, boosting liquidity and expanding Sky’s presence in the market.

Sky Technologies Overview

Cross-Chain Compatibility

Sky integrates across multiple networks, letting users move USDS and SKY seamlessly while tapping broader DeFi liquidity.

High Scalability

Optimized contracts handle high transaction volume. Layer-2 solutions lower fees and enable fast trading or stablecoin transfers.

Smart Contracts

Secure contracts automate issuance, vault management, and governance execution, ensuring a trustless financial ecosystem.

Security Audits

Sky inherits MakerDAO’s history of rigorous third-party reviews, bug bounties, and continuous testing to safeguard user funds.

Funding

Sky did not hold a public ICO. Early MakerDAO backers included a16z and other private investors. Over time, revenue from stability fees and real-world asset yields has also funded upgrades, avoiding traditional token sales.

Roadmap

Full MKR to SKY Migration

MKR holders swap into SKY, with final conversions incentivized. This consolidates governance and solidifies Sky’s token model.

Sky Staking Launch

Staking features will distribute protocol revenue to SKY holders, encouraging long-term engagement and expanding DeFi adoption.

Future Stars and Integrations

New sub-projects (Stars) will support lending, real-world assets, and advanced yield strategies, further growing Sky’s ecosystem.

Sky Security & Audit Reports

Sky’s contracts underwent thorough audits inherited from MakerDAO. The protocol uses on-chain governance checks and robust liquidations. Continuous reviews and bug bounties help maintain reliability and protect user collateral.

FAQ

How to stake SKY tokens?

Use the Sky app to lock SKY in a staking contract, then earn rewards automatically in return for supporting governance.

How to earn yield with USDS?

Deposit USDS into Sky’s savings module. You receive daily interest from protocol fees and real-world asset revenue.

What is USDS?

It’s Sky’s crypto-backed stablecoin. It stays near one dollar by holding collateral like ETH and real-world assets.

Why did MakerDAO rebrand to Sky?

They aimed to scale the stablecoin and upgrade governance. SKY replaced MKR to introduce expanded features and new tokens.

How do I track Sky’s market chart?

Connect a DeFi platform or analytics site. You can view SKY price, trading volume, and USDS liquidity across different DEXs.

Can Sky handle real-world assets?

Yes. Sky supports tokenized bonds and other assets, expanding the collateral pool and enhancing stability for USDS.

Is there a freeze function in USDS?

It exists as a failsafe feature. It stays inactive unless governance approves a strict compliance need.

Top Crypto Exchanges to Trade Sky (SKY)

#	Exchange	Pair	Price	24h Volume
1	Bithumb	SKY/KRW	~$67.29	$121,767
2	Uniswap V2 (Ethereum)	0XDC035D45.../0X56072C95...	~$20.63	$2,862,815
3	LCX Exchange	SKY/EUR	~$0.046	$181,496
4	KuCoin	SKY/USDT	~$0.048	$2,945.73
5	Upbit	SKY/BTC	~$0.00000072	$36,159
6	Kraken	SKY/USD	~$0.048	$3,433.47
7	Uniswap V3 (Ethereum)	0X56072C95.../0XC02AAA39...	~$0.00002	$31.22
8	Uniswap V3 (Ethereum)	0X56072C95.../0X9F8F72AA...	~$0.000042	$20.75
9	Kraken	SKY/EUR	~$0.047	$9.72
10	Upbit Indonesia	SKY/BTC	~$0.00000072	$36,263
11	CoinDCX	SKY/INR	~$4.5	$545.45