Market Data
About SKY
SKY is the primary governance token for the Sky Protocol, serving as the upgraded and rebranded successor to the Maker (MKR) token. Launched in 2024 as part of the 'Endgame' transition from the Maker Protocol, SKY functions as a digital voting share that allows holders to participate in decentralized governance, managing system parameters and protocol changes. Within the ecosystem, SKY can be staked in the Sky Staking Engine to secure the network and earn rewards, including the ability to borrow the USDS stablecoin. The protocol focuses on providing a non-custodial system for saving, trading, and earning yield through features such as the Sky Savings Rate (SSR) and SkyLink, which facilitates seamless cross-chain fund transfers.
Recent SKY news
See all →No recent SKY stories from tracked publishers in the last 30 days. Follow the hub for new coverage as it lands.
More Decentralized Finance (DeFi) assets
See all →
HYPE is the native utility and governance token for the Hyperliquid L1, a performant blockchain optimized for decentrali…
RAIN is the native utility and governance token for the Rain Protocol, a decentralized options and prediction market pla…
Oracle infrastructure
DAI is a decentralized, multi-collateral stablecoin that aims to maintain a one-to-one value relative to the U.S. dollar…
ONDO is the governance token for the Ondo DAO, which oversees the Ondo Finance ecosystem and Flux Finance, a lending pro…
Decentralized trading protocol
ASTER is the native utility and governance token for Aster, a decentralized perpetual and spot exchange platform. Formed…
Decentralized lending-borrowing protocol