Sky

Sky Protocol (formerly MakerDAO) is a decentralized finance platform built around its native stablecoin, USDS, designed to deliver secure, scalable yield and smart liquidity. The protocol operates through the non‑custodial interface Sky.money, giving users full control while providing seamless access to earning, governance, and cross‑chain capabilities via SkyLink.

Sky improves on MakerDAO by combining the familiar stability model of DAI with enhanced yield mechanics and simplified token economics. Its ecosystem supports automatic savings via the Sky Savings Rate (SSR), and governance participation and rewards through Sky Token Rewards (STRs). At its core is a commitment to transparency, permissionless access, and composable DeFi functionality.

Users upgrade their DAI to USDS (1:1 ratio) and can deposit USDS into the SSR to earn automatic rebasing rewards. They also receive sUSDS, which represents staked deposits and appreciates in value over time. Meanwhile, USDS holders can participate in STRs to earn SKY tokens. SKY itself is used for staking, governance voting, and accessing ecosystem features. SkyLink enables users to bridge USDS and sUSDS across Ethereum and major Layer-2 networks for faster, lower-cost interactions.

USDS functions as a stable medium of exchange with built-in yield. sUSDS allows secure passive growth while retaining liquidity. SKY fuels governance and rewards. Together, these tokens support core DeFi activity: from savings and lending to staking and cross-chain liquidity.

All tokens—USDS, sUSDS, and SKY—are ERC-20 assets anchored in the Sky Protocol ecosystem. They can be stored securely in Ethereum-compatible wallets like MetaMask, Trust Wallet, or Ledger. As always, users should safeguard private keys and recovery phrases to maintain self-custody.