🔬Deep Research
SKY-USD · catalysts, narrative & risks
What SKY-USD represents
SKY-USD is the price of SKY, the governance and ecosystem token of Sky Protocol, the rebranded successor to MakerDAO. It is an ERC-20 token on Ethereum (core contract 0x56072c95FAA701256059aa122697b133aDED9279), not a standalone blockchain, and not an equity, ETF, or security [1][2]. SKY replaced MKR at a fixed ratio of 1 MKR = 24,000 SKY, and the ecosystem's dollar-referenced stablecoin is USDS (successor to DAI), with sUSDS being a liquid, yield-bearing savings token tied to the Sky Savings Rate [1][2][6]. The token launched September 18, 2024, as part of Rune Christensen's "Endgame" restructuring [6].
Recent catalysts (last ~1–3 months)
AI-assisted research from the K3vl4r desk — not personalized investment advice. More research →