Sky (MakerDAO)
MakerDAO's Oasis allows you to lock WBTC and generate DAI, a decentralized stablecoin pegged to the dollar.
Interest Rate
Variable (DSR-based)
Max LTV
Up to 75%
Min Loan
5,000 DAI minimum
Jurisdiction
Global (DeFi)
Collateral
WBTC + many assets
Adoption
High
Type
Decentralized
Est.
2017
About Sky (MakerDAO)
MakerDAO (rebranded to Sky in 2024) is the protocol behind DAI/USDS, one of the largest decentralized stablecoins. Lock WBTC or other assets in a Vault to mint stablecoins. Stability fees vary by collateral type and market conditions. The protocol is governed by MKR/SKY token holders who vote on risk parameters. No KYC required — all interactions are through smart contracts on Ethereum.
Key Features
Mint USDS/DAI stablecoins, fully decentralized governance, multi-collateral support.
Benefits
- Permissionless and decentralized
- Flexible stability fees and collateral types
Risks
- Liquidation if collateral value falls
- Potential DAI peg instability
Important Notice
This information is provided for educational purposes only and should not be considered financial advice. Always do your own research and verify current terms directly with Sky (MakerDAO) before making any decisions. Rates, terms, and availability are subject to change. Last verified: January 5, 2025.
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