Sky | ETH FTW

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

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Gain Forest

GainForest is a non-profit organization focused on transparent environmental protection.

Protocol

Restoration

Velodrome

Velodrome is an automated market maker (AMM) built on the Superchain. Users can provide liquidity, earn VELO tokens, and participate in governance by locking VELO into veVELO NFTs. This system allows users to vote on which liquidity pools receive rewards, aligning incentives across the platform.

Protocol

Open Finance

Aave

Aave is an open-source, non-custodial liquidity protocol where users can supply and borrow cryptocurrencies. Lenders earn interest by depositing assets into liquidity pools, while borrowers can access funds by providing collateral that exceeds the borrowed amount.

Protocol

Open Finance

CASE STUDIES

Real-World Impact in Action

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