Sky (SKY) Price — Buy & Swap SKY
$0.064-5.32% (24h)ERC20 network
Live market data
Sky (SKY) can be swapped instantly on Monivo — no account, no KYC and zero added fees. Compare live SKY rates from every connected provider and receive funds in your own wallet in minutes.
SKY / USD — 24H chart
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Sky statistics
About Sky (SKY)
DeFi tokenSky (SKY) is the governance token of the Sky protocol, formerly MakerDAO, which issues the USDS stablecoin against crypto and tokenised real-world collateral. SKY holders vote on the collateral types and risk parameters that keep that stablecoin solvent.
The story behind Sky
MakerDAO rebranded to Sky in August 2024 under founder Rune Christensen's Endgame plan, a long-signalled restructuring that converted the old MKR token into SKY at a rate of 24,000 to one and introduced a new stablecoin, USDS, alongside the existing DAI. The plan also spawned semi-independent subsidiaries nicknamed 'Stars', including the Spark lending protocol, each meant to operate with more autonomy than a single monolithic DAO could easily manage.
What SKY is used for
As a SKY holder, you vote on which assets can back USDS, what savings rates the protocol offers, and the risk parameters that govern how much collateral is required against each loan. You can also stake SKY for rewards funded by protocol revenue, and the token itself absorbs the protocol's surplus or deficit over time through periodic buybacks and auctions, making it a direct financial stake in how well the system is run.
Sky in the market today
Sky governs the largest decentralised stablecoin system in DeFi and is one of the biggest holders of tokenised Treasuries anywhere in the space. The 2024 rebrand split community opinion sharply, though, and some long-time users continue to prefer thinking and speaking in terms of the legacy MKR framing rather than adopting the new name and conversion rate.
How to buy or swap SKY
- Pick SKY as the asset you want to receive.
- Choose what you're paying with — crypto or a fiat card.
- Monivo compares every connected exchange and routes your order to the best available rate.
- Paste your wallet address and confirm — funds arrive in minutes.
Fees and pricing
Zero added fees: Monivo does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.
Monivo does not add a separate fee or markup to the provider quote. Monivo may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.
Network fees are set by the blockchain, not by Monivo. No account, no subscription and no withdrawal charge. Live support is available 24/7.
SKY swap FAQ
How do I swap Sky (SKY) instantly on Monivo?
Pick SKY as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. Monivo routes your order to the provider offering the best rate, and most swaps complete in under 10 minutes — no account needed.
Can I swap SKY with no KYC?
Yes. Crypto-to-crypto swaps of SKY on Monivo require no identity verification and no sign-up. Only fiat purchases (card or bank transfer) require KYC, because banks and payment processors mandate it.
Is swapping Sky on Monivo non-custodial?
Yes. Monivo never holds your funds. SKY is sent directly to the wallet address you provide, so you stay in control the whole time.
Which network does SKY use here?
Monivo supports Sky on the ERC20 network. Always double-check that your receiving wallet supports this network before confirming.
What fees apply when I swap SKY?
Monivo adds zero fees on top. The quote you see already reflects the best aggregated rate across connected providers, including their network and processing costs — all fees are included in the shown amount.
More on fees, limits, KYC and timing: read the full crypto swap FAQ.
Sky (SKY) news
LiveThe latest headlines mentioning Sky, aggregated from leading crypto news outlets and updated in real time.
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