Sky Protocol is a decentralized and permissionless financial ecosystem designed to provide users with non-custodial access to stablecoins, governance, and decentralized finance (DeFi) services. It builds upon the foundation of MakerDAO, introducing USDS as a stablecoin and SKY as a governance token.
The protocol allows users to trade assets, earn rewards, and participate in governance without relying on intermediaries. By focusing on on-chain transparency and decentralized decision-making, Sky Protocol aims to create a more efficient and scalable DeFi infrastructure.
Sky Protocol operates as a blockchain-based financial system centered around its two core tokens, USDS and SKY. USDS is a stablecoin designed to maintain a soft peg to the U.S. dollar, and users can trade, save, or earn rewards with it. SKY is the governance and rewards token, allowing holders to vote on protocol decisions and earn incentives through Sky Token Rewards.
The ecosystem includes the Sky Savings Rate (SSR), where users can deposit USDS to accumulate additional stablecoins over time. Sky Protocol is non-custodial, meaning users retain full control of their assets while interacting with DeFi services.
Sky Protocol was created as part of MakerDAO’s “Endgame” roadmap, originally founded by Rune Christensen in 2014.
SKY, the native token of the Sky ecosystem, is available on various exchanges. It has a total supply of 1,093,984,555 tokens.
Consider investing in Sky (SKY)? Follow these steps:
Verify your identity.
Deposit funds.
Check out the available SKY trading pairs on Bitget.
Sky Protocol offers decentralized governance and non-custodial finance, but like all crypto investments, it carries risks such as market volatility and regulatory changes. Investors should research its tokenomics, adoption, and governance stability before making a decision.
Buy Sky in Vanuatu with Bitget