SKY is the governance token of Sky Protocol (formerly MakerDAO), one of the oldest and most battle-tested DeFi protocols. MakerDAO rebranded to Sky in 2024 as part of its 'Endgame' upgrade, replacing MKR with SKY at a 1:24,000 conversion rate and DAI with USDS stablecoin. Sky is the third-largest stablecoin issuer globally with $13.4B+ in combined USDS+DAI supply. SKY holders govern the protocol's risk parameters, collateral types, and fee structures.
Sky Protocol allows users to deposit crypto collateral (ETH, WBTC, RWAs, etc.) into Vaults (formerly CDPs) and mint USDS (or legacy DAI) stablecoins against the collateral. The protocol is overcollateralized — users must lock more value than they borrow, with liquidations protecting the system. SKY replaced MKR at 1:24,000 ratio. Revenue from Stability Fees (interest on borrowed USDS) is used for SKY buybacks and burns. The Sky Savings Rate allows USDS holders to earn yield by depositing into the Sky protocol. Governance manages risk parameters through on-chain voting.
Test RSI-based strategies on Sky (formerly MakerDAO) with real historical data.
Most stablecoins are centralized (USDT, USDC) or rely on off-chain redemption mechanisms. Sky Protocol creates a decentralized, crypto-collateralized stablecoin (USDS/DAI) governed entirely by code and token holders, with no single controlling entity. This provides censorship-resistant, permissionless access to a dollar-pegged asset backed by on-chain collateral rather than traditional bank deposits.
The oldest and largest decentralized stablecoin protocol, issuing USDS and DAI — a combined $13.4B+ in crypto-collateralized stablecoins — governed entirely on-chain without any centralized issuer or off-chain redemption mechanism.
Use multiple indicators together to build complex entry conditions for SKY.
Don’t guess — test your SKY strategy against years of minute-level data.
Build and test trading strategies using Sky (formerly MakerDAO)'s minute-level data from 2025-10-15 to present.
Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only — not financial advice.