MakerDAO

Explore Sky (SKY) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

Sky (SKY) Token Rights & Governance

Portion of protocol revenue is used for Smart Burn Engine, remaining portion used accumulate SKY in the treasury and distribute USDS to SKY stakers

Governance Token MKR replaced by SKY for all onchain votes and protocol parameters on the new Chief governance contract. SKY inherits the governance rights and privileges previously held by MKR and can be used for voting or delegating. Onchain voting includes Governance Polls (used for signaling and proposal decision-making) and Executive Proposals (adjusting parameters)

SKY is the governance and utility token of the Sky Protocol (formerly MakerDAO), allowing holders to vote on decentralized decisions for the USDS stablecoin ecosystem, stake for rewards and yield accumulation, and potentially benefit from buybacks that reduce supply for long-term value alignment.