SKY
Sky
SKY ✓ VerifiedPrice
$0.0537
24h
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Mkt cap
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Volume
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We read this asset as:Cash-flow lensFees accrue to token holders — read via P/F, P/S and premium.
Verdict
Fee data building
As of 2026-06-30 · latest · 30-day annualized
Premium (peer percentile · 0 explained → 100 unexplained)
Premium — building
Premium decomposition (price vs holder cash flow) needs our own on-chain fee data, which we are building. Until then we show price, supply, and on-chain identity.
4Overview
A decentralized stablecoin (USDS/DAI) plus governance (SKY). The Smart Burn Engine uses revenue to buy back and burn SKY.
5Official links & addresses
USDS (stablecoin)0xdC035D45d973E3EC169d2276DDab16f1e407384F ✅
sUSDS (savings)0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD ✅
SKY (governance)0x56072C95FAA701256059aa122697B133aDEd9279 widely-cited; not independently re-confirmed
Pause Proxy (admin / treasury) no single confirmed address is published
Trust official addresses only — beware impersonator tokens
Share this asset
6Market · supply
price·mcap = on-chain pool read (eth_call) · —
Market cap, FDV, and circulating supply are derived from supply. This chain's native supply requires node-level data we don't source keylessly — so we show N/A rather than an estimate. Methodology →
ATH / ATL build as we accumulate price history.
Price
$0.0537 on-chain
24h change
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24h volume
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Market cap
— on-chain
FDV (fully diluted)
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Circulating supply
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Total supply
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Max supply
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Circulating ratio (circ÷max)
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ATH
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ATL
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Full data & breakdownon-chain · events · derivatives · peers · governance · risk — expand for the institutional detail
7On-chain · holders
data wiring — next increment
9Futures · derivatives
Derivatives data (open interest, funding) is N/A. Perpetual/futures feeds require a commercial market-data subscription we don't use, so we show N/A rather than an unverified number. Methodology →
10Protocol fundamentals
Cash-flow metrics do not apply under this lens.
11On-chain value ratios
Cash-flow metrics do not apply under this lens.
12Governance · development
on-chain governance — not on Snapshot
13News · narrative · timeline
2017.12DAI (Sai) launch — first decentralized over-collateralized stablecoin
2020.03.12Black Thursday
2022.05Endgame plan
2024.08.27Sky rebrand (MKR → SKY at 1:24,000)
2025.02Smart Burn Engine goes live
2026.04.07DAI → USDS migration
14Peer comparison
Cash-flow metrics do not apply under this lens.
15Risk · quality
AuditThe core MCD/PSM has run since 2017 with no break. Newer code (Allocator, sUSDS, Solana) audited by ChainSecurity and others. ✅
Exploit history2020.03.12 Black Thursday — an ETH crash + congestion let liquidation auctions clear at $0 bids (~$4–5.5M of DAI left unbacked). This was oracle latency + auction design + mempool manipulation, not a hack or a contract bug. Mechanisms were redesigned afterward.
Centralization notes⚠️ Concentrated voting power (about five entities ~80%). Pause Proxy (time-delay) + Emergency. Upgradeable.
16Our metrics over time
No trend metric for this lens yet.
On-chain owned coverage
Not yet computed from our own RPC. For cash-flow assets without our own fee data yet, the premium decomposition is shown as building — never a fake number.