Buy & Swap Sky (SKY)

$0.0656+0.74% (24h)ERC20 network

Sky (SKY) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live SKY rates from every connected provider and receive funds in your own wallet in minutes.

Swap SKY instantly — no KYC

SKY / USD — 24H chart

ChangeHighLow

Live market data · extended history unavailable for this asset

24h0.74%

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90d—

1y—

Sky statistics

Market cap$1.52B

Fully diluted market cap—

24h volume$14.59M

Circulating supply23.24B SKY

Max supply∞

Total supply—

All-time high$0.0983

Market dominance—

Rank—

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Non-custodial

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About Sky (SKY)

Crypto token

Sky (SKY) is a crypto token on the ERC20 network. It powers its project's ecosystem — used for things like access, governance, fees, or rewards — and trades freely against other digital assets.

How does SKY work?

Sky runs as a token on the ERC20 network, which means it benefits from that chain's security and tooling while serving the specific role its project defines — for example governance votes, platform fees, staking, or in-app utility.

What is SKY used for?

Holders use SKY to participate in the Sky ecosystem and to gain exposure to the project's growth. As with any token, its value is tied to real usage and demand for what the project offers.

How to buy or swap SKY on SwapRocket

Pick SKY as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

Sky (SKY) swap profile

This profile explains how Sky swaps work on SwapRocket: the network SKY settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

SKY key facts

Ticker: SKY
Settlement network: ERC20
Category: Crypto token
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 2 published SKY pairs

How a SKY swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send SKY to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for SKY

Three offers are presented for every SKY exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for SKY

Sky settles on ERC20. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

Popular SKY pairs

Each pair below has its own page with a live quote, the current rate and the limits that apply to that route.

What is SKY? · Sourced guide · Updated 2026-09-24 · 14 sources cited

SKY is the governance token of Sky, the protocol that grew out of MakerDAO and issues the USDS stablecoin. How do SKY holders steer the protocol, and how do the conversion routes from MKR and DAI tie the old system to the new one?

MakerDAO built one of the longest-running decentralized stablecoins, DAI, governed by holders of MKR. Sky is the next stage of that system: a new stablecoin, USDS, a new governance token, SKY, and fixed conversion routes so existing holders can move across without a market trade. This profile explains how the pieces fit together, using the Sky Protocol developer documentation.

From MKR to SKY

Sky's documentation describes a converter that swaps MKR and SKY at a fixed rate of 1 MKR to 24,000 SKY, using the mint and burn functions of both tokens. No fee is charged on this route, and the documentation states that fees cannot be enabled on it later.

Sky's governance upgrade guide explains that governance is moving from MKR to SKY, and that the two-way conversion becomes one-way as part of that upgrade. The fixed rate means holders can follow exactly how an old balance maps to a new one.^{[1], [2], [5]}

What SKY itself is

SKY is an ERC-20 token on Ethereum. The documentation notes two additions to the basic standard: permit, which lets a holder approve spending with a signature instead of a separate transaction, and EIP-1271, which lets smart-contract wallets sign.

Those details matter in practice, because many SKY holders use multisignature or contract wallets to vote and stake.^{[3], [4]}

How holders vote

Sky governance runs through a contract called the Chief. Voters lock their tokens in it to give their votes weight and choose between proposals by continuous approval voting, so support can shift at any time rather than only during fixed windows.

Approved changes do not take effect instantly. They pass through the Pause contract, which enforces a delay before a scheduled change can run. That waiting period gives everyone time to review what is about to happen.^{[7], [6], [8]}

Staking, borrowing and delegation in one place

The Staking Engine, also called the LockStake Engine, lets a holder deposit SKY into a vault. From that vault they can borrow USDS against the SKY, stake it for rewards, or delegate its voting power to a governance delegate.

A single address can open several vaults, so one holder can use different parts of their SKY for different purposes.^{[9], [10]}

USDS and the link to DAI

USDS is the stablecoin SKY governs. It is an ERC-20 token, and a converter lets anyone move between DAI and USDS at a fixed 1:1 rate with no fee.

Holders who want the Sky Savings Rate can deposit USDS into sUSDS, a vault that follows the ERC-4626 standard and converts shares back to USDS in real time.^{[11], [12], [13]}

Keeping the dollar peg liquid

Sky's LitePSM is a peg stability module that lets users swap between DAI, USDS and outside stablecoins such as USDC with no slippage, using a pool of pre-minted tokens.

That gives the stablecoins SKY governs a simple, predictable route to other dollars, which supports the peg in everyday use.^[14]

How the new governance settles in

Moving voting from MKR to SKY is a large change for a system with a long history. The upgrade guide describes the phases and the monitoring tools, but how participation and delegation will look once the change is fully in place is UNKNOWN from public sources.

It is not predicted here.^{[5], [6]}

What this means when you hold or move SKY

SwapRocket lists SKY as an ERC-20 token on Ethereum. Send it only to an Ethereum address starting with 0x from a wallet that supports ERC-20 tokens, and keep some ETH for network fees.

If you still hold MKR, Sky's documentation explains the official conversion route. Use the contract addresses listed there, not addresses from messages or ads, and keep the transaction ID until your swap completes.

Sources and evidence (14)

[1] The MKR SKY Converter swaps MKR and SKY at a fixed rate of 1:24000 using the mint and burn functions of both tokens. Sky Protocol Docs — SKY · verified 2026-09-24 Confirmed
[2] No fees are assessed on the MKR–SKY conversion route, and fees cannot be enabled on it in the future. Sky Protocol Docs — SKY · verified 2026-09-24 Confirmed
[3] SKY is an ERC-20 token with permit functionality and EIP-1271 signature validation. Sky Protocol Docs — SKY · verified 2026-09-24 Confirmed
[4] ERC-20 defines the standard interface for fungible tokens on Ethereum. Ethereum Improvement Proposals — EIP-20 · verified 2026-09-24 Confirmed
[5] Sky Ecosystem's governance is transitioning from the MKR token to SKY, and MKR–SKY conversion becomes one-way. Sky Protocol Docs — Token and governance upgrade · verified 2026-09-24 Confirmed
[6] SKY replaces MKR for on-chain votes and protocol parameters on the new Chief governance contract. Sky Protocol Docs — Token and governance upgrade · verified 2026-09-24 Confirmed
[7] Voters lock tokens in the Chief contract and vote by continuous approval voting. Sky Protocol Docs — Chief · verified 2026-09-24 Confirmed
[8] The Pause contract enforces a delay before scheduled governance actions can be executed. Sky Protocol Docs — Pause · verified 2026-09-24 Confirmed
[9] The LockStake Engine lets users deposit SKY in a vault to borrow USDS, stake for rewards, or delegate voting power. Sky Protocol Docs — Staking Engine · verified 2026-09-24 Confirmed
[10] Users can open one or more SKY vaults from a single address. Sky Protocol Docs — Staking Engine · verified 2026-09-24 Confirmed
[11] USDS is an ERC-20 token with permit and EIP-1271 support, built with an upgradeable UUPS design. Sky Protocol Docs — USDS · verified 2026-09-24 Confirmed
[12] The DAI USDS converter swaps DAI and USDS 1:1 with no fees. Sky Protocol Docs — USDS · verified 2026-09-24 Confirmed
[13] sUSDS is an ERC-4626 vault token implementing the Sky Savings Rate for USDS. Sky Protocol Docs — sUSDS · verified 2026-09-24 Confirmed
[14] LitePSM enables swaps between DAI, USDS and external stablecoins such as USDC with no slippage, using pre-minted pools. Sky Protocol Docs — LitePSM · verified 2026-09-24 Confirmed

Profile last reviewed 2026-09-24. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

SKY swap FAQ

How do I swap Sky (SKY) instantly on SwapRocket?

Pick SKY as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap SKY with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of SKY. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping Sky on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends SKY to the wallet address you provide.

Which network does SKY use here?

SwapRocket supports Sky on the ERC20 network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap SKY?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the SKY amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.