# Sky Protocol (formerly MakerDAO)

**Source:** https://www.startuphub.ai/startups/makerdao-sky-protocol
**Profile type:** Startup

> A decentralized finance protocol issuing the USDS stablecoin and governed by the SKY token.

## About

Sky Protocol is a decentralized finance platform offering USDS, a stablecoin designed for scalability, and SKY, its sole governance token. Users can earn rewards through the Sky Savings Rate and Sky Token Rewards by saving or holding USDS, and stake SKY to earn rewards and delegate governance. Sky.money serves as a non-custodial gateway to these DeFi opportunities, allowing users to manage their funds with full control.

## Key facts

- **Slug:** makerdao-sky-protocol
- **Website:** https://sky.money
- **Location:** Decentralized
- **Founded:** 2014-01-01
- **Operating status:** Active
- **Total funding:** $62M
- **Sectors / tags:** Fintech, DeFi, Stablecoin
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/makerdao
  - Twitter: https://x.com/skyprotocol
  - GitHub: https://github.com/makerdao

## Frequently asked

### What does Sky Protocol (formerly MakerDAO) do?

Sky Protocol is a decentralized finance platform offering USDS, a stablecoin designed for scalability, and SKY, its sole governance token. Users can earn rewards through the Sky Savings Rate and Sky Token Rewards by saving or holding USDS, and stake SKY to earn rewards and delegate governance. Sky.money serves as a non-custodial gateway to these DeFi opportunities, allowing users to manage their funds with full control.

### What is Sky Protocol (formerly MakerDAO)'s revenue?

StartupHub estimates Sky Protocol (formerly MakerDAO)'s annual revenue at $22.1M (range $11.2M to $56.2M, 27% confidence), based on comparable companies in the sector.

### What is Sky Protocol (formerly MakerDAO)'s valuation?

StartupHub estimates Sky Protocol (formerly MakerDAO)'s effective valuation at $4.5B (range $1.2B to $6.7B, 42% confidence), based on comparable companies in the sector.

### How much funding has Sky Protocol (formerly MakerDAO) raised?

Sky Protocol (formerly MakerDAO) has raised a total of $62M in funding. The most recent round on record is Series C.

### Where is Sky Protocol (formerly MakerDAO) headquartered?

Sky Protocol (formerly MakerDAO) is headquartered in Decentralized.

### When was Sky Protocol (formerly MakerDAO) founded?

Sky Protocol (formerly MakerDAO) was founded in 2014.

### What industry does Sky Protocol (formerly MakerDAO) operate in?

Sky Protocol (formerly MakerDAO) operates in Fintech, DeFi, Stablecoin.

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