Sky $SKY

$0.0622 -2.05%
Decentralized Finance (DeFi)Ethereum EcosystemStablecoin IssuerHydration EcosystemGovernance
Market Cap
$1.46B
24h Volume
$8.19M
24h Change
-2.05%

Price (7D)

SKY Markets

View DEX Screener
PairDEXChainPrice24h VolumeLiquidity
SKY/WETH 0.3% Uniswap V3 Ethereum $0.0575 $1.38M $1.08M
USDS/SKY Uniswap V2 Ethereum $1.00 $1.36M $8.48M
SKY/USDC 0.3% Uniswap V4 Ethereum $0.0574 $947.59k $2.27M
SKY/WETH 0.25% Uniswap V4 Base $0.0₅210 $99.36k $38.4k
SKY/ETH 0.05% Uniswap V4 Base $0.0₆583 $51.45k $28.24k
SKY/ETH 0.05% Uniswap V4 Base $0.0₆300 $36.09k $27.11k
SKY/ETH 0.05% Uniswap V4 Base $0.0₆175 $22.33k $16.27k
Sky/ETH 0.3% Uniswap V4 Base $0.0₄351 $19.19k $27.61k
SKY/SOL Pump Fun Solana $0.0₄110 $16.56k $4.4k
SKY/SOL Pump Fun Solana $0.0₄117 $9.53k $3.63k
Sky/ETH 0.05% Uniswap V4 Base $0.0₆161 $9.26k $0
SKY/ETH 1% Uniswap V4 Ethereum $0.0₄262 $8.99k $102

About Sky

SKY is a governance token, which is like a digital voting share, for Sky Protocol. This system launched in 2024 as a rebrand and upgrade of the older Maker Protocol. Sky Protocol’s main value lies in giving users a simple, secure way to trade, save, and earn rewards without ever giving up control of their funds. It is built around a stablecoin called USDS, which is always worth one US dollar, but it is completely decentralized.

The protocol is run by automated agreements called smart contracts, so there’s no middleman controlling users' money. The system uses two main tokens: USDS for stable savings, and SKY for community governance. users can help secure the network and earn rewards by staking their SKY tokens in the Staking Engine, which is like locking them in an interest-bearing account to help the system run. The protocol also uses SkyLink to seamlessly connect users' funds across different blockchains for faster and cheaper transactions.

The Sky Protocol is unique because it has no single CEO or traditional core team of investors; instead, it is managed entirely by its global community of SKY token holders. This decentralized setup means that SKY is primarily used for two core utilities: it grants essential voting power to decide on all major system changes, and it can be staked in the Staking Engine to help secure the network and earn rewards. Staking also provides holders with the ability to borrow the USDS stablecoin, making SKY the essential key for both governance and income generation within the ecosystem.