Arbitrum Ecosystem

Ethereum Ecosystem

Near Ecosystem

Solana Ecosystem

Sk is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman. Since its launch, it has gained widespread use and its DeFi integration has made MakerDAO one of the most operational protocols across the crypto ecosystem.Sky is made up of a smart contract service that manages borrowing and lending. It has two currencies, USDS and SKY, that are used to regulate the value of loans.Sky key features and how does it work:<ul><li>MakerDAO makes use of two tokens, these are SKY and USDS. USDS is fully backed stable while SKY is a governance token. </li><li>USDS is an ERC20 token on the Ethereum blockchain that is soft pegged to the US dollar. Also on other chains now It is designed to provide an alternative to more volatile cryptocurrencies. When a loan is taken out on Sky, USDS is created. It is the currency that users can borrow and then pay back at a later date.</li><li>The Sky (SKY) token was created by MakerDAO. Its main function is to govern Sky protocol. Traditional stablecoins use reserves of fiat currencies, or in some cases gold, to peg a cryptocurrency in order to keep it stable.</li><li>Sky is also used in the USDS system governance. SKY tokens are used by its holders to vote on changes to the Sky protocol. However, anyone with an Ethereum address can submit a proposal to change the protocol, even if they do not own any SKY.</li><li>USDS is issued when buyers purchase a smart contract-based collateralized debt position (CDP), which is very similar to a traditional loan. CDPs are bought with ETH and USDS is given in return, as such, ETH acts as the collateral to the loan. </li><li>In essence, the system means that individuals can get a loan against their ETH. Upon repayment of the loan, the USDS is “burned” or destroyed.</li></ul>Historical events: In 2024, MakerDao launched its rebranding. The new project name is Sky, the Maker(MKR) management token is renamed Sky(SKY), and the DAI(DAI) stablecoin is renamed USDS(USDS)DAI and MKR will remain in circulation unchanged, and the new tokens will exist in parallel. Token holders will be able to exchange DAI tokens 1:1 for USDS, while each MKR token can be exchanged for 28,000 SKY tokens.The new tokens will be released on September 18, and holders will be able to voluntarily choose whether to keep the old tokens or exchange them for the new ones.

Sky is an Ethereum-based lending protocol that allows you to borrow without intermediaries. 

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Comprehensive analysis of %coinname% price dynamics, quarterly returns, and annual trends in dollars. Our detailed research unveils dynamic interconnections between %coinname% and the US dollar, providing valuable insights based on current data.

%coinname% Analytics: Price Dynamics, Quarterly Returns, and Annual Price Changes in USD

Period	Change	Change (%)	High	Low
24H	-$ 0.003062	-4.47%	$ 0.06851	$ 0.06503
7D	-$ 0.0008793	-1.33%	$ 0.07062	$ 0.06206
14D	-$ 0.005954	-8.34%	$ 0.07164	$ 0.06206
30D	-$ 0.0152	-18.9%	$ 0.08425	$ 0.06206
3M	-$ 0.01135	-14.8%	$ 0.08974	$ 0.06206
6M	$ 0.009813	+17.6%	$ 0.08974	$ 0.05194
YTD	$ 0.007763	+13.5%	$ 0.08974	$ 0.05368
1Y	-$ 0.009606	-12.8%	$ 0.09967	$ 0.03983
3Y	-$ 0.001516	-2.27%	$ 0.1009	$ 0.03596

SkySKY

Sky Analytics

Sky Closing Price (USD) - Quarterly

sky Monthly Returns (USD)

SKY - USD Price Change

Sky Annual Price (USD) Change