Sky Protocol (formerly MakerDAO) company
Overview
Sky Protocol (formerly MakerDAO) is a decentralized finance (DeFi) protocol on Ethereum that enables users to generate the DAI stablecoin by locking collateral in smart contracts. It is governed by holders of the MKR token through an on-chain voting system. The protocol was rebranded from MakerDAO to Sky in August 2024.
Within the DeFi Intel graph, Sky Protocol (formerly MakerDAO) connects to 3 tracked entities, most strongly to USDS, SpiceUSD, Savings USDS.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issues | USDS | 95% |
issues | SpiceUSD | 95% |
issues | Savings USDS | 95% |
Frequently asked questions
What is Sky Protocol?
Sky Protocol, formerly MakerDAO, is a decentralized finance protocol on Ethereum that allows users to generate the DAI stablecoin by locking collateral in smart contracts.
How is Sky Protocol governed?
Sky Protocol is governed by holders of the MKR token through an on-chain voting system.
What stablecoins are issued by Sky Protocol?
Sky Protocol issues USDS, SpiceUSD, and Savings USDS.