Sky sky #79

$0.081468

-2.50% (1d)

Market Cap

$1.7B

BTC Price

FDV

$1.9B

Vol24h

$6M

Circulating Supply

23.5B sky

Total Supply

Info

Website
Website Whitepaper
Community
Algorithm
Proof Type
Block Reward

0
All Time High

$0.100535
ATL Date

12/04/2024

The current price of Sky is $0.081468 in USD. As of now, a total of 23.5B sky are in circulation across the market. Sky has experienced a price change of -2.50% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Sky trading volume on crypto exchanges has reached $6M.

- Changelly
- Crypto.com

Description

Sky (SKY) is the native governance token of the Sky Protocol, introduced during MakerDAO's 2024 rebranding to enhance decentralized decision-making. As an upgraded version of MKR, SKY was distributed at a conversion rate of 1 MKR to 24,000 SKY, significantly expanding the token supply to foster broader community participation. SKY empowers holders to vote on protocol parameters, including stability fees, collateral management, and incentive structures, ensuring that governance remains decentralized and adaptive. Beyond voting, SKY can be used in various ecosystem modules—such as Activation and Seal Rewards—to earn additional assets, serve as collateral for borrowing USDS, and facilitate trading via liquidity pools. Developed by the MakerDAO team led by Rune Christensen, SKY plays a critical role in securing and evolving the decentralized financial infrastructure of the Sky Protocol.