Sky

Is Sky a secure platform?

Sky prioritizes security through non-custodial smart contracts, ensuring users’ funds remain under their control during transactions or rewards accrual. While the platform itself does not manage cryptographic keys or enforce geographic restrictions, it adheres to decentralized security principles inherited from MakerDAO’s legacy infrastructure. Users should independently verify wallet permissions and stay informed about jurisdictional limitations for specific features like SSR or STRs.

How to use Sky?

Users access Sky by connecting a Web3 wallet to interact with its trading, upgrading, and savings modules. Eligible participants can convert DAI to USDS (1:1) or MKR to SKY (1:24,000), then deposit USDS into the Sky Savings Rate or claim Sky Token Rewards via decentralized pools. The platform provides 24/7 access to these features, though geographic restrictions apply to certain services like SSR in the U.S. and trading in the EU.