@defiscan
Sky's decentralization review
@makerdao' Sky is a stablecoin protocol allowing users to mint its USDS stablecoin through Collateralized Debt Positions with a variety of crypto collateral assets. Sky is built on the Maker protocol, by the MakerDAO, to replace the DAI stablecoin and allow for the 1:1 conversion between DAI and USDS.
USDS can further be staked for the yield-bearing sUSDS token. Various levels of control over the Sky protocol are exercised through an onchain governance system.
0 reply
1 recast
1 reaction