Guides
What is Sky Protocol and USDS? The former MakerDAO and its 3.80% savings rate
Sky is the protocol formerly known as MakerDAO. It issues USDS, a dollar stablecoin, and sUSDS, a savings token that earned the Sky Savings Rate of 3.80% shown on Sky.money on November 2, 2026, a rate set by vote and not guaranteed.
DeFi
Moody's rates DeFi's Sky B3: just $90 million of capital behind $10 billion of assets
The former MakerDAO, issuer of the USDS and DAI stablecoins, got a speculative-grade B3 rating from Moody's with a stable outlook. Its track record and low losses won praise. Its thin capital did not.