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.

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Ethereum

Ethereum is a decentralized blockchain platform that facilitates the development of smart contracts and decentralized applications (dApps). Ethereum's robust, neutral, and global infrastructure is the foundation for thousands of dApps and over 70% of stablecoin activity.

Chain

Public Goods

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

Giveth

Giveth is an open, non‑hierarchical global initiative that empowers social, environmental, and humanistic impact projects using modern blockchain technologies. Built on Ethereum, the platform enables zero‑fee donations and ensures full transparency so donors and communities can see exactly where every contribution goes. Through the GIVeconomy, donors receive GIV tokens via the GIVbacks program and can participate in governance and project visibility via mechanisms like GIVpower and Quadratic Funding .

Protocol

Public Goods

CASE STUDIES

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Ethereum

Aave

Giveth

Real-World Impact in Action

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