Sky Protocol is a decentralized finance (DeFi) ecosystem built to make saving, governance, and cross-chain participation accessible without sacrificing self-custody. It introduces two native tokens—USDS and SKY to power onchain saving, rewards, and governance across Ethereum and supported Layer-2s via SkyLink.

$SKY is the sole governance token of Sky Protocol. Holders shape the ecosystem through decentralized, onchain voting guided by the Sky Atlas, while also accessing protocol features like the Staking Engine (stake, delegate voting power, and borrow USDS without exit fees).

The protocol’s core user experiences include the Sky Savings Rate (SSR) for USDS savers, Sky Token Rewards (STRs) that support ecosystem projects, and seamless L2 access through SkyLink—all through the non-custodial Sky.money app.

Sky runs a decentralized economic layer where USDS powers saving and rewards, and SKY coordinates governance and security:

• USDS & SSR: Users supply USDS to earn the variable Sky Savings Rate (governed onchain). Withdraw anytime; no minimums.
• Sky Token Rewards (STRs): Deposit USDS to back ecosystem projects and earn variable rewards, creating a feedback loop that funds growth while keeping users in control.
• SKY Staking Engine: Stake SKY to earn rewards, delegate governance votes, and borrow USDS. No exit fee; stake/unstake and claim anytime.
• SkyLink (L2 access): A bridging and connectivity layer that lets users tap Sky features from supported L2s (e.g., Base, Arbitrum, Optimism, Unichain) with lower fees and faster confirmations.
• Sky Atlas governance: A living constitution that codifies rules and processes for decentralized decision-making across the ecosystem.

Key elements of the Sky ecosystem include:

• Sky.money: Non-custodial gateway to the protocol (saving, staking, rewards, and trading USDS/SKY via CoW Swap).
• Sky Stars: Independent, decentralized projects aligned with Sky’s framework (e.g., Spark, a leading DeFi lending platform), potentially with their own tokens and treasuries.
• Onchain Governance: $SKY holders propose, debate, and vote; SSR and reward rates are set via decentralized voting.

🔁 Upgrades of Proven Primitives: Direct upgrades—DAI → USDS (1:1) and MKR → SKY (1:24,000)—bring a familiar, battle-tested model forward with improved accessibility, UX, and scalability.
🧭 Governance by the Sky Atlas: A transparent, evolving ruleset that guides proposals, polling, and onchain voting, aligning diverse stakeholders across the ecosystem.
🧱 Non-Custodial by Default: Use the Sky.money app to interact with saving, staking, and rewards—always retaining control of your keys and funds.
🚄 L2-First Connectivity (SkyLink): Seamless access from major Layer-2s enables lower fees and faster interactions without leaving the Sky economy.
🌟 Sky Stars & Rewards Flywheel: Independent projects plug into Sky, and users can support them via USDS to earn Sky Token Rewards, fostering sustainable growth.

$SKY is central to coordination and security across Sky:

• Governance & Voting: Propose and vote on protocol changes (e.g., SSR parameters, reward programs, risk frameworks) under the Sky Atlas.
• Staking & Delegation: Stake SKY to earn rewards, delegate your voting power to trusted participants, and access USDS borrowing.
• Cross-Chain Access: Use SkyLink to bridge your SKY and interact with features on supported L2s for faster, lower-cost activity.
• Ecosystem Alignment: SKY staking and governance decisions align incentives across savers, builders, and token holders.

Sky Protocol advances the Maker ecosystem’s foundational ideas with a user-centric, modular design. USDS and SKY formalize the upgrades to DAI and MKR, while Sky.money, SkyLink, and Sky Stars expand reach, scalability, and innovation. Governance transitions to the Sky Atlas, enabling a more inclusive and transparent framework for onchain decision-making and rate setting (e.g., SSR, reward programs).

The project’s mission is to deliver resilient, permissionless saving and coordination tools—bringing more people into DeFi with better UX, lower costs (via L2s), and community-driven governance.

You can buy and sell $SKY on the Coinmetro exchange. Create an account, deposit funds, and trade $SKY alongside 80+ other assets quickly and securely.