Sky

Region

Worldwide

Targeted SDGs

9. Industry, Innovation, Technology and Infrastructure

Description

Sky is the successor to MakerDAO, the pioneering DeFi protocol that first introduced decentralized stablecoins on Ethereum. It governs and issues USDS, a crypto-backed stablecoin designed to maintain parity with the U.S. dollar without depending on banks or centralized custodians. Sky operates entirely through smart contracts, ensuring that decisions and risk management are handled transparently onchain. Guided by a global community of token holders, it emphasizes decentralization, censorship resistance, and the long-term resilience of open financial systems.

Impact

Sky has given people around the world a way to save and transact in digital dollars even when access to traditional banking or US dollars is restricted. For individuals in countries facing hyperinflation or capital controls, holding USDS means being able to protect wages and savings against local currency collapse.

EXPLORE THE NETWORK

More Builders Driving Real-World Impact

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Mento Labs

Mento is a protocol that enables the adoption of digital currencies worldwide, aiming to provide a stable asset for every country.

Protocol

Stablecoins

Hypercerts

Hypercerts are semi-fungible tokens that document the impact of a project, including who did the work, what was done, and when. These tokens can be evaluated by third parties and sold to funders, allowing contributors to receive funding based on the actual impact of their work.

Protocol

Public Goods

Bando

Bando is an onchain spending protocol that enables users to pay for everyday items like mobile top-ups, gift cards, subscriptions, and more using crypto directly from their wallets.

Protocol

Payments

CASE STUDIES

Real-World Impact in Action

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More Builders Driving Real-World Impact

Mento Labs

Hypercerts

Bando

Real-World Impact in Action

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