Sky Protocol (SKY) Price

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Contract Address

ETH 0x56072c95faa701256059aa122697b133aded9279



About Sky Protocol (SKY)

SKY is a native governance token of the decentralised Sky ecosystem and the upgraded version of Maker's legacy governance token, MKR. You can upgrade your MKR to SKY at the rate of 1:24,000 via the Sky Protocol.

You can trade SKY for USDS and, soon, use it to accumulate Activation Token Rewards and participate in Sky ecosystem governance through a system of decentralised onchain voting.

USDS is the stablecoin of the decentralised Sky Protocol. It can be used in several ways, including to participate in the Sky Savings Rate and get Sky Token Rewards without giving up control. It is the upgraded version of DAI, backed by a surplus of collateral and soft-pegged to the value of the U.S. dollar, meaning it is designed to maintain a value equal to or close to a dollar. USDS powers the permissionless, non-custodial Sky Protocol.

Unlike cryptocurrencies that can fluctuate widely in value, USDS is designed to maintain a soft peg to the U.S. dollar and to be a reliable store of value and medium of exchange. USDS is governed by a community of broad and diversified individuals and entities from around the world, who hold Sky governance tokens and support the Sky ecosystem by participating in a system of decentralised onchain voting. USDS powers the open Sky ecosystem.



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