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Sky (formerly MakerDAO) DAO

On-chain dollars without a bank

HQ Decentralised ·Founded 2014 ·Status DAO
Tokens mkt cap
$8B+
Tokens issued
3
HQ
Decentralised
Founded
2014
Last attestation
Continuous on-chain
Editor's brief

The desk's read on Sky (formerly MakerDAO)

The original decentralised stablecoin and still the most over-collateralised at scale, though the 2024 Endgame rebrand to Sky and growing reliance on USDC collateral have softened its purist appeal.

Tokens issued

Tokens issued by Sky (formerly MakerDAO)

3 tokens
Ticker Name Type Pegged to Primary chain Market cap
DAI Dai stablecoin-usd US Dollar Ethereum $5B+
USDS Sky Dollar stablecoin-usd US Dollar Ethereum
SKY Sky governance Ethereum
Reserves & transparency

What backs Sky (formerly MakerDAO)'s tokens

Latest report
Continuous on-chain
AuditorPublic on-chain collateral
Type transparency
Open report
Backing health

Reserves / liabilities · per Continuous on-chain transparency


Editorial note: we never characterize an issuer as "fully audited" unless the report scope is a full audit (per spec §3). The label above reflects what Public on-chain collateral actually delivered.

Leadership

Who runs Sky (formerly MakerDAO)

Regulatory posture

Where Sky (formerly MakerDAO) operates

Jurisdiction Regulator Status License # Notes
Decentralised Not licensed No central legal entity issues DAI/USDS; protocol governed by token-holder votes.
Sky (formerly MakerDAO) in the news

Latest coverage

No recent Sky (formerly MakerDAO) coverage indexed yet. New stories appear here as they're published.

Frequently asked questions

About Sky (formerly MakerDAO)

No published FAQs yet for Sky (formerly MakerDAO). Editorial Q&As will appear here as they are sourced and verified.