Sky

Sky (prev. Maker $MKR) is an Ethereum-based protocol that enables collateral-backed loans using USDS and SKY tokens. USDS is a stablecoin minted via ETH-backed CDPs, while SKY governs the protocol. Users borrow USDS by locking ETH and repay it to burn it. SKY holders vote on protocol changes, ensuring decentralized governance. Sky simplifies DeFi lending, offering stable borrowing without intermediaries.