Sky is a decentralized stablecoin platform that creates value through capital formation and leveraging the efficiency and transparency of DeFi and the proven primitives of the Sky Ecosystem to create value through maximum effectiveness, safety and scale.
At the core is USDS, the leading decentralized stablecoin, with more than $7 billion in circulation. USDS sits in the center of an ecosystem of tokens that represent a variety of risk and reward profiles, with USDS in the super senior position.
The decentralized Sky Protocol is governed by a diverse community of SKY governance token holders through a system of decentralized onchain voting.
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Sky is the evolution and expansion of the MakerDAO protocol, an innovator and leader in decentralized finance.
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Sky Allocation System: A system for deploying USDS collateral with maximum efficiency to support stability and the saving rate of USDS as set by Governance
Sky Agent Framework: Toolkit for builders and founders to create fast moving, innovative DeFi businesses around allocating and distributing stablecoins. Bringing together proven frameworks for property rights, risk management and capital formation - with existing scale from the leading stablecoin platform, the Sky Agent Framework solves the problem of moving from zero to one instantly.
Sky Atlas: The definitive rulebook‑as‑infrastructure of the Sky Ecosystem that standardizes how risk is defined, verified, enforced, and evolved, so capital can flow safely across thousands of diverse deals without politics or bespoke plumbing. Sky Atlas is defined and enforced by decentralized Sky Governance.
Keel operates as a Star in the Sky Ecosystem. Stars are smaller, specialized, decentralized ecosystems that exist within the broader Sky Ecosystem and are tied to the Sky Protocol.
Keel’s primary focus is to identify and execute on risk-adjusted, profitable capital allocations utilizing access to Sky’s stablecoin reserves.
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