SKY is the governance token of Sky (the MakerDAO successor). Legacy MKR converts to SKY at 1:24,000, and the Smart Burn Engine uses protocol surplus to buy back and burn governance tokens.
Tokenomics
Max supply
Uncapped
Buyback policy
Smart Burn Engine buys back and burns governance tokens with protocol surplus.
- 1 MKR converts to 24,000 SKY.
- Supply is governance-managed (no fixed cap).
Metadata
Token typeGovernance
Sub-categoryGovernance Token
IssuerView entity
ChainsArbitrum One
Arbitrum nativeNo
Founded—
Off-chain facts
- MigrationCurated
USDS upgrades 1:1 from DAI; legacy MKR converts to SKY at 1:24,000.
Sky