Sky Protocol
Sky Protocol, formerly MakerDAO, is a decentralized finance ecosystem known for its USDS stablecoin, focusing on scalability and regulatory compliance.
Products
USDS, also known as Sky Dollar, is a decentralized stablecoin by Sky Protocol, maintaining a soft peg to the U.S. dollar and backed by surplus collateral.
DAI is a crypto-backed stablecoin originally issued by MakerDAO, now under Sky Protocol, maintaining a USD peg.
Key Events
Overview
Sky Protocol, rebranded from MakerDAO in August 2024, is a decentralized finance ecosystem governed by SKY token holders. It aims to enhance scalability and integrate real-world assets.
Regulatory Status
Sky Protocol operates without traditional regulatory licenses, relying on decentralized governance to comply with applicable regulations.
Key Products
Sky Protocol's main products include the USDS stablecoin, which succeeded the original DAI stablecoin, aligning with global financial regulations.