The Bankless Guide to Sky Protocol
Getting started on Sky Protocol, formerly MakerDAO
Sky Protocol, formerly known as Maker, is a decentralized finance (DeFi) protocol that allows users to generate USDS, a stablecoin pegged to the US dollar, for savings or earning yield.
Sky continues the pioneering legacy of Maker in the DeFi space, offering a unique approach to creating a stable, decentralized currency while introducing new features and upgraded tokens.
Sky Protocol is a DeFi project that allows users to generate the USDS stablecoin, either by depositing DAI or converting USDC, or alternatively by depositing and borrowing against crypto collateral like ETH on a Star platform like the Spark lending app.
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