SKY (Sky Protocol)
Governance token powering DeFi's largest decentralized stablecoin ecosystem
Rank #35
~$1.7B Market Cap
Overview
SKY is the governance token of Sky Protocol, the evolved and rebranded version of MakerDAO. Launched in 2024 as part of the "Endgame" upgrade, SKY replaced the MKR token at a 1:24,000 ratio. It powers one of DeFi's largest decentralized stablecoin ecosystems (USDS, the successor to DAI), enabling governance, staking rewards, and participation in protocol revenue. Sky focuses on scalable, user-friendly decentralized finance with strong emphasis on stablecoins and savings rates.
Why it matters for Crypto Barter
SKY powers a major decentralized stablecoin system (USDS), making it ideal for stable, governance-linked crypto-to-crypto barters. Its revenue-sharing mechanics provide long-term value.
Key Facts
Symbol
SKY
Created by
Rune Christensen & Sky Team
Launch Date
September 18, 2024
Consensus
Ethereum-based governance
Total Supply
~23.46 billion SKY (fixed)
Settlement
Varies by chain (~12 seconds)
History & Milestones
2014–2017
MakerDAO launches with DAI stablecoin and MKR token.
2020–2023
Becomes one of the largest DeFi protocols with billions in TVL.
2024
"Endgame" plan executed — rebrands to Sky, launches SKY token and USDS stablecoin.
2025–2026
Massive migration from MKR/DAI; strong growth in USDS supply and adoption.
Where SKY Is Traded
Top 3 Hot Wallets for Crypto Barter
MetaMask
Standard wallet for Ethereum and Sky Protocol interactions.
Direct access to Sky.money for staking, savings, and governance.
Trust Wallet
Best all-round multi-chain hot wallet.
Simple QR-code scanning, built-in swaps, reliable performance.
Exodus
Beautiful interface with excellent portfolio tracking.
Live charts and user-friendly design help monitor value during trades.
How to Use with Crypto Barter App
Download your chosen hot wallet and set up your SKY address.
If selling: Add your receiving SKY address to "My Saved Wallet – Receive".
If buying: Verify the seller's wallet address via in-app chat.
Barter securely — send/receive SKY with fast confirmations.
This is educational content only. Crypto involves significant risk and high volatility.
Always do your own research (DYOR) and never invest more than you can afford to lose.