Sky $SKY

Ξ0.00002886 +0.10%
Decentralized Finance (DeFi)Ethereum EcosystemStablecoin IssuerHydration EcosystemGovernance
Market Cap
Ξ675,961.473
24h Volume
Ξ19,801.219
24h Change
+0.10%

Price (7D)

SKY Markets

View DEX Screener
PairDEXChainPrice24h VolumeLiquidity
SKY/WETH 1% Uniswap V3 Ethereum Ξ0.00003882 Ξ604.247 Ξ799.801
SKY/WBTC 1% Uniswap V4 Ethereum Ξ0.00003892 Ξ471.724 Ξ3,705.217
SKY/WETH 0.3% Uniswap V3 Ethereum Ξ0.00002945 Ξ396.295 Ξ735.033
USDS/SKY Uniswap V2 Ethereum Ξ0.00044405 Ξ359.715 Ξ3,951.827
SKY/USDC 0.3% Uniswap V4 Ethereum Ξ0.00002948 Ξ358.540 Ξ864.567
SKY/WETH 0.25% Uniswap V4 Base Ξ0 Ξ44.227 Ξ17.092
SKY/USDT Uniswap V4 BNB Chain Ξ7.993 Ξ31.915 Ξ31.915
SKY/ETH 0.05% Uniswap V4 Base Ξ0 Ξ22.902 Ξ12.570
SKY/ETH 0.05% Uniswap V4 Base Ξ0 Ξ16.064 Ξ12.065
SKY/ETH 0.05% Uniswap V4 Base Ξ0 Ξ9.940 Ξ7.243
Sky/ETH 0.3% Uniswap V4 Base Ξ0.00000002 Ξ8.541 Ξ12.290
SKY/SOL Pump Fun Solana Ξ0 Ξ7.370 Ξ1.958

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.