Stablecoin · SKY
Sky (formerly MakerDAO) is the largest decentralized stablecoin issuer, managing USDS, sUSDS, legacy DAI, stUSDS, and the SKY governance token.
Stablecoins aren't built to sit still.
USDS + DAI supply
Latest data
USDS holders
Market cap
Latest data
Products
Member products
On-chain + off-chain aggregates across member coins
USDS + DAI supplyDeFi Llama
$15.51B
Member mcap totalCoinGecko
$20.77B
Weighted 24h moveMcap-weighted
+0.2%
+$36.9M implied
Fees · 24hDeFi Llama
$901.2K
Revenue · 24hDeFi Llama
$443.9K
Protocol TVL · 30ddefillama
Click a row for live on-chain + market data
| Symbol | Category | Price | 24h | Mkt cap | |
|---|---|---|---|---|---|
| USDS | Stablecoin | $0.9999 | -0.0% | $9.81B | |
| sUSDS | Stablecoin | $1.11 | -0.0% | $4.74B | |
| DAI | Stablecoin | $0.9999 | -0.0% | $4.58B |
Showing 3 of 6 coins
Consistent cross-network snapshot · synced 15h ago
Price
Token market (secondary)
TVL by chain
Sky, formerly MakerDAO, is the largest decentralized stablecoin issuer, managing USDS and legacy DAI alongside the sUSDS savings token and SKY governance token. Its credit-sector relevance comes from how it deploys its balance sheet: the protocol-set Sky Savings Rate, collateralized vault borrowing, and allocations of USDS liquidity into lending markets through Stars such as Spark. The Endgame restructuring splits the ecosystem into semi-autonomous SubDAOs, with Sky Core setting monetary policy. Sky is listed here for its lending-adjacent liquidity role while remaining primarily a stablecoin protocol.
