MakerDAO / Sky dao
Overview
MakerDAO is a decentralized autonomous organization (DAO) that governs the DAI stablecoin, a cryptocurrency soft-pegged to the US dollar. It also operates the Sky ecosystem (formerly Maker), which includes the USDS stablecoin and SKY governance token. The protocol enables users to generate DAI by locking collateral in smart contracts.
Within the DeFi Intel graph, MakerDAO / Sky connects to 5 tracked entities, most strongly to Ethereum, Rune Christensen, SKY.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
founded_by | Rune Christensen | 95% |
supports_token | SKY | 95% |
supports_token | MKR | 95% |
governs | Sky Lending | 95% |
In-depth guides on MakerDAO / Sky
Frequently asked questions
What is MakerDAO / Sky?
MakerDAO is the DAO that manages the DAI stablecoin and the Sky protocol. Sky is the rebranded ecosystem that introduces a new stablecoin USDS and governance token SKY.
How does the MakerDAO governance work?
Governance is exercised by SKY token holders, who vote on proposals such as adjusting stability fees, adding collateral types, and upgrading the system. SKY is the successor to the original MKR governance token; following a mandatory upgrade that began in September 2025, MKR is now a legacy wrapper for a fixed amount of SKY.
What is the difference between DAI and USDS?
DAI is the original decentralized stablecoin from MakerDAO, while USDS is a newer stablecoin introduced under the Sky rebrand, designed to be simpler and with different risk parameters.
What is MakerDAO / Sky connected to?
In the DeFi Intel knowledge graph, MakerDAO / Sky is linked to 5 other tracked entities, most strongly to Ethereum, Rune Christensen, SKY.
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