What is SKY Coin?
Cryptocurrency
MakerDAO, known as one of the established projects in the cryptocurrency market, began using the name
Sky (SKY) as part of its brand transformation announced in 2024. With this transition process, implemented gradually during the 2024–2025 period, the token structure and stable cryptocurrency asset model were updated.
Sky is a finance protocol/ecosystem operating on Ethereum. SKY is the governance token of this ecosystem. So, what is Sky coin, who owns SKY coin, how does it work, and how is the future of Sky coin assessed?
What is Sky (SKY)?
The Sky ecosystem is built on a structure centered around collateralized stable crypto asset production and on-chain financial transactions. SKY is the governance token of this structure.
The stable crypto asset USDS within the ecosystem aims for price stability, while the SKY token grants voting rights on decisions made within the protocol. Thus, system parameters and updates are determined through community participation.
The Sky protocol enables users to produce USDS by collateralizing their crypto assets, participate in on-chain yield mechanisms, and benefit from
blockchain based financial applications. This structure is positioned among on-chain financial solutions developed as alternatives to traditional financial instruments.
Who Owns SKY Coin? Which Country?
The structure launched by MakerDAO was later repositioned under the Sky (SKY) brand. Therefore, SKY's origins are directly rooted in the MakerDAO project.
MakerDAO was launched in 2015 by Rune Christensen. Nikolai Mushegian played a role in the early technical development of the project and passed away in 2022. Following the brand transformation process, Rune Christensen has emerged as the leading figure in the ecosystem.
Rune Christensen is a Danish
Web3 developer and a graduate of the University of Copenhagen. However, the Sky and MakerDAO structure operates not as a traditional company model tied to a specific country, but as a global community and protocol structure operating under a decentralized governance model.
SKY Project
Following its rebranding, Sky is a financial protocol operating on
Ethereum. The USDS stable asset and the SKY governance token form the two core components of the system.
The protocol allows users to generate USDS by collateralizing their crypto assets, participate in savings mechanisms, and benefit from reward systems. Under the Sky Savings Rate (SSR), USDS balances can be converted to sUSDS to earn potential returns. The Sky Token Rewards (STR) module offers SKY token rewards to users who lock USDS.
Additionally, SKY holders can participate in governance processes by locking their tokens within the protocol. The SkyLink infrastructure supports the transfer of assets to different Layer-2 networks, increasing liquidity and accessibility.
How to Buy SKY Coin?
SKY Coin can be purchased through various cryptocurrency exchanges. For users trading in Türkiye, CoinTR offers the convenience of buying and selling cryptocurrency in three steps, with the option to trade in Turkish Lira (TL).
Users can follow these three steps on the platform:
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After completing the registration process, the Identity Verification (KYC) process is carried out.
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A TL balance is loaded into the account.
SKY Coin Review
With the increase in SKY Coin review searches, the project's background and transformation process have also become a subject of greater interest. MakerDAO, one of the early projects in decentralized finance (DeFi), has completed its brand transformation and continues its activities under the name Sky (SKY). Within this new structure, the ecosystem's core components include the stable crypto asset USDS and the governance-focused SKY token.
Sky has a protocol structure positioned in the DeFi field with on-chain financial applications and a collateralized stable asset model. The SKY token is designed as a governance tool that grants voting rights on system parameters and updates.
When reviewing SKY Coin comments and analyses, the project's technical structure, token economy, and general market conditions should be evaluated together. Digital assets in the altcoin category may experience periodic price fluctuations.
Users considering trading crypto assets should take market risks into account and conduct transactions through reliable Bitcoin sites.
The Future of Sky Coin
The future of Sky coin is being evaluated within the framework of the project's technical transformation and its position in the ecosystem. Known as one of the early structures of decentralized finance (DeFi), MakerDAO has transitioned to the Sky ecosystem by updating its brand and token structure. This transformation is not just a name change; it also includes updates to the stable asset model and governance mechanism.
The Sky ecosystem is based on the production of collateralized stable crypto assets. Previously known as the DAI model, the system now continues with USDS. Considering the role of stable crypto assets in the
DeFi infrastructure, the adoption rate and scope of use of USDS are among the determining factors for the future of Sky coin.
The SKY token is positioned as a digital asset that plays a role in the governance mechanism. It is used in protocol updates, system parameters, and ecosystem decisions. Therefore, the platform's sustainability and community participation are among the factors that could affect SKY's long-term position.
However, the transformation processes of projects in the crypto asset market can sometimes create uncertainty. Changes in the token structure after the transition to Sky and market dynamics are closely monitored by investors. When evaluating the future of Sky coin, it is important to consider technical developments, ecosystem size, community participation, and general market conditions together.
Before trading crypto assets, it is important to follow current developments through reliable crypto exchanges and assess risk factors.
FAQ
When was Sky (SKY) launched?
The Sky brand was announced in 2024. With the gradual transition steps taken during the 2024–2025 period, the MakerDAO ecosystem has been restructured under the name Sky.
Which exchange lists SKY coin?
SKY Coin is traded on various cryptocurrency exchanges. CoinTR is among the platforms that users in Türkiye can choose to trade on. Users can track SKY trading pairs on CoinTR and execute buy/sell transactions.
How much is SKY coin in TL?
The price of SKY Coin fluctuates constantly based on the supply-demand balance in the cryptocurrency market and general market conditions. Users who want to track the current price can check the
SKY/TRY trading screens on the CoinTR platform.
How much is SKY coin in USD?
The price of SKY Coin fluctuates based on the supply-demand balance in global cryptocurrency markets and the instant trading volume. Users who want to track the current SKY price in USD can check the
SKY/USDT trading screen on the CoinTR platform.
2026-02-20Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
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