Sky (SKY) Exchange
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What is SKY?
About Sky
SKY is the governance token of Sky Protocol (formerly MakerDAO)
SKY tokenomics
SKY was created through a 1:24
What determines SKY's value
SKY's value is driven by the protocol revenue generated from stability fees charged on all USDS and DAI minting
How to Exchange Sky on Swapzone
How to Choose the Best Sky Exchange
Sky (SKY) Price Analysis
Frequently Asked Questions About Sky (SKY)
SKY replaced MKR as the governance token at 1 MKR to 24
The redenomination lowers the per-unit price and broadens governance participation. It does not change the economic value of holdings
Revenue comes from stability fees charged on USDS and DAI minting
Sky Protocol uses protocol revenue to buy SKY on the open market. It repurchased 154 million SKY in November 2025
It is the roadmap under which MakerDAO rebranded to Sky in August 2024. It introduced SKY
Sky Stars
A non-custodial platform for staking
USDS carried about $8.4 billion in market capitalization in 2026
Société Générale
Some partners' data may be out of date and still list the token under its legacy MKR ticker. SKY and MKR differ by a factor of 24
Open swapzone.io/exchange/sky
Why Exchange Sky with Swapzone?
Non-custodial aggregator: you send SKY to the partner's deposit address and receive funds in your own wallet
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