Sky

Sky Protocol (SKY) is the governance token of Sky, an evolved version of the MakerDAO system focused on decentralized finance. It introduces a dual-token model: USDS, a USD-pegged stablecoin, and SKY, the upgraded governance token replacing MKR. The protocol emphasizes non-custodial savings, rewards, and a modular ecosystem governed by token holders.

Governance & Token Utility

The SKY token is used for decentralized governance, enabling holders to vote on protocol parameters, treasury allocation, ecosystem upgrades, and validator elections. It can also be staked in the Sky Staking Engine to earn rewards and support network security. USDS holders access the Sky Savings Rate and earn SKY through the Sky Token Rewards program.

Key Milestones & Ecosystem Growth

• Rebranded and relaunched in 2024, evolving from the MakerDAO ecosystem

• Built-in support for USDS stablecoin and SKY governance token

• Launched Sky Savings Rate and Sky Token Rewards, with over $16 billion TVL across modules

• Developed SkyLink bridge for multi-chain access (Ethereum, Arbitrum, Optimism, Base, Unichain)

• Introduced Sky Stars model, enabling ecosystem modularity—e.g., credit-focused Grove with a $1 billion RWA strategy launched mid-2025

• SKY listed on major exchanges, expanding global access

Network Architecture

• Dual-token economics: USDS (stablecoin) and SKY (governance, staking)

• Non-custodial, permissionless pools for trading, saving, and rewards

• Staking Engine provides liquidity incentives and governance delegation

• SkyLink enables cross-chain access and DeFi parachains

• Modular “Sky Stars” governance units operate within the Sky ecosystem, each with own treasury and token models

Disclosure Statement

The investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments made by Tecra Venture Capital. There can be no assurance that any investment will be profitable, or that other investments made in the future will have similar characteristics or outcomes.

This list reflects both current and historical investments and excludes holdings that have not been publicly disclosed by Tecra, including positions in publicly traded digital assets — whether acquired during early fundraising rounds or later on secondary markets after public listing.

It also does not include portfolio companies that (i) have ceased operations without a liquidity event or exit, and (ii) whose equity has been written down to zero without the receipt of any compensating asset. The list is updated periodically and may not reflect Tecra’s most recent investment activity.

Past performance of Tecra Venture Capital’s investments, investment vehicles, or strategies is not necessarily indicative of future results.