Sky Makerdao protocol
Overview
Sky (formerly MakerDAO) is a DeFi protocol that manages a decentralized stablecoin ecosystem through overcollateralized debt positions. It issues the USDS stablecoin and is governed by SKY token holders.
Within the DeFi Intel graph, Sky Makerdao connects to 10 tracked entities, most strongly to Sky Protocol, sDAI, Rune Christensen.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 10 total).
| Relation | Connected entity | Confidence |
|---|---|---|
rebranded_to | Sky Protocol | 95% |
issues | sDAI | 95% |
founded_by | Rune Christensen | 95% |
deployed_on | Ethereum | 85% |
deployed_on | Arbitrum | 85% |
deployed_on | Base | 85% |
deployed_on | Optimism | 85% |
deployed_on | Gnosis | 85% |
inspired | Lista Dao | 85% |
competitor_of | Ethena Labs | 80% |
Frequently asked questions
What is Sky Makerdao?
Sky Makerdao is the rebranded MakerDAO protocol, which operates the decentralized stablecoin USDS (the successor to DAI) and the SKY governance token.
How does USDS maintain its peg?
USDS maintains its peg through overcollateralization of crypto assets in smart contracts, with automatic liquidation of undercollateralized positions and governance-approved risk parameters.
What changed from MakerDAO to Sky?
MakerDAO rebranded to Sky, introducing USDS as a new stablecoin with a freeze mechanism, and replacing the MKR token with SKY for governance.
What is Sky Makerdao connected to?
In the DeFi Intel knowledge graph, Sky Makerdao is linked to 10 other tracked entities, most strongly to Sky Protocol, sDAI, Rune Christensen.
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