MakerDAO’s Sky brand upgrade: A quick look at the details

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Author: Sky, Translator: Jinse Finance xiaozou

MakerDAO’s new brand, Sky , has arrived. Sky is the best place to earn rewards in the easiest way without giving up control.

Discover upgraded tokens and new features, as well as higher Sky Token rewards for early sign-ups. Get the latest news and updates about SkyLaunch.

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New Tokens

With the launch of Sky, upgraded tokens were also released:

  • SKY token: an upgraded version of MKR and Sky ecosystem governance token. 1 MKR can be upgraded to 24,000 SKY.

  • USDS (Sky Dollar): An upgraded version of DAI, USDS is a stablecoin that can obtain native token rewards.

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Where to upgrade

Powered by the decentralized Sky Protocol, Sky.money will provide seamless non-custodial access to Sky tokens and rewards through a superior user experience:

  • Get USDS: Upgrade your DAI to USDS 1:1. Sky.money will also allow ETH, USDC and USDT to be seamlessly converted to USDS.

  • Sky Token Rewards: Earn Sky Tokens by providing your USDS to the Sky Protocol through the Sky.money application. You will always maintain control of your assets as Sky.money does not hold custody of your assets and you can withdraw them at any time without restrictions. If future updates are accepted by the Sky Protocol’s decentralized governance, users may have the opportunity to earn tokens through other decentralized projects.

  • Sky Savings Rate: Grow your Sky Dollar savings with a reliable system that has successfully secured billions of dollars over the years.

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Provide higher token rewards for early users

Ready to get involved?

Go to Sky.money and complete all the steps to qualify for higher Sky Token rewards. This will allow you to receive double Sky Token rewards after the launch of Sky.money features. Your rewards will be claimed through Sky.money.

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Sky Protocol's Sky Token rewards are not accessible via Sky.money in certain jurisdictions, including the United States. Please review our Terms of Use for detailed eligibility information.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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