Sky (SKY), previously known as Maker (MKR), is the governance token of the Sky Ecosystem — the rebranded evolution of the MakerDAO and Maker Protocol. These decentralized platforms, originally launched in 2017 on Ethereum, pioneered the creation and management of DAI, the world’s first decentralized stablecoin. The transition from Maker to Sky marks a new chapter in governance, identity, and ecosystem growth, while continuing to uphold the principles of decentralized finance (DeFi).
The SKY token is central to governance, empowering holders to vote on key protocol decisions. This includes approving new collateral types, adjusting risk parameters, setting stability fees, and guiding updates to governance mechanisms. By distributing decision-making power, Sky maintains a decentralized model where no single party controls the protocol — aligning incentives between token holders, users, and the broader ecosystem.
Sky (SKY) has a capped supply of 23,462,665,147.3, with a current circulating supply of 22,905,659,937.58 and a total supply of 23,462,665,147.37. The token is currently priced at $0.05, giving it a market capitalization of $1,165,504,078. Its all-time high price of $0.10 was reached on December 4, 2024.
