Sky Lending protocol
Overview
Sky is the rebranded MakerDAO, relaunched in August 2024 under the Endgame plan, and its lending function is the issuance of the USDS stablecoin against collateral. USDS is an overcollateralised stablecoin backed by crypto collateral and tokenised Treasuries, replacing DAI at 1:1 while DAI remains redeemable; the SKY governance token replaced MKR at a 24,000:1 ratio. Holders can deposit USDS into sUSDS to earn the Sky Savings Rate. Sky's dedicated lending market operates through Spark, a subDAO (a "Star" in Sky's terminology) that lets users borrow against collateral and which has its own SPK token.
Within the DeFi Intel graph, Sky Lending connects to 5 tracked entities, most strongly to Ethereum, SKY, MakerDAO / Sky.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
supports_token | SKY | 95% |
governs | MakerDAO / Sky | 95% |
audited_by | ChainSecurity | 85% |
audited_by | Cantina | 75% |
Frequently asked questions
What is Sky Lending?
Sky Lending is a cdp tracked in the DeFi Intel knowledge graph. It is connected to 5 other tracked entities, most strongly to Ethereum, SKY, MakerDAO / Sky.
What type of entity is Sky Lending?
Sky Lending is classified as a cdp (protocol) in the DeFi Intel knowledge graph.
What is Sky Lending connected to?
In the DeFi Intel knowledge graph, Sky Lending is linked to 5 other tracked entities, most strongly to Ethereum, SKY, MakerDAO / Sky.
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