makerDAO

About

Sky, formerly known as MakerDAO, is an innovative decentralized autonomous organization constructed on the Ethereum blockchain. It also enables users to borrow and lend crypto-assets in the form of stablecoins without the use of intermediaries. MakerDAO is known worldwide as the developer of DAI, a decentralized US dollar-pegged stablecoin, which continues to be a staple of the DeFi world. The project has developed into Sky Protocol today, and it has continued to expand the ecosystem and governance structure of DAI. Key Features: • Easy to borrow and lend cryptocurrencies without intermediaries. • Ensures the stability and security of DAI through Ethereum-based smart contracts. • MKR holders have control over governance and protocol direction. • Collaborates with top DeFi initiatives and blockchain networks. • Rebranded MakerDAO to Sky as the next stage of decentralized development.

Team (1)

• Rune ChristensenEstablishing organizational structure of MakerDAO, economic foundations of DAI stablecoin, strategic vision and leadership

Funding

• Funding RoundDragonfly Capital2,75,00,00019 Dec 2019
• Funding Rounda16z crypto1,50,00,00024 Sept 2018
• Funding Round Andreessen Horowitz1,20,00,00001 Jan 2017

FAQs