Protocol
Open Finance
Region
Sky
Worldwide
Targeted SDGs
9. Industry, Innovation, Technology and Infrastructure
10. Reduced inequality
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

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Tether

Tether

Tether is a stablecoin designed to maintain a stable value by pegging its price to the U.S. dollar. Founded in 2014, it has grown into one of the most influential firms in the crypto industry, with reserves and attestations published to support its tokens. Tether plays a central role in global crypto markets by offering liquidity, settlement infrastructure, and a dollar alternative in regions with limited banking access. Beyond stablecoins, the company has expanded into areas such as renewable energy and bitcoin mining, signaling broader ambitions in the digital economy.

Institution
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Vocdoni

Vocdoni

DAVINCI (by Vocdoni) is an open-source, blockchain-native voting protocol designed for universal adoption. It leverages cryptographic techniques such as zk-SNARKs and threshold homomorphic encryption to enable transparent, privacy-preserving, scalable, and low-cost elections.

Protocol
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Karma

Karma

Karma is an on-chain protocol built by Karma HQ that lets grant recipients create a persistent project profile, publish milestones and updates via blockchain attestations, and build a transparent reputation across ecosystems. Ecosystems use Karma to fund projects transparently. Builders use it to share progress, earn reputation, and get discovered for more opportunities.

Protocol
Public Goods
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CASE STUDIES

Real-World Impact in Action

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