1. What is DAI in Sky (previously MakerDAO)?

DAI is a decentralized stable currency based on the US dollar, which is used to borrow, lend, and pay money in the Sky ecosystem.

2. Who founded MakerDAO (now Sky)?

Nikolai Mushegian and Rune Christensen.

MKR is a token of governance that enables the owners to vote on protocol decisions and risk management in Sky.

4. Is Sky built on Ethereum?

Yes. Sky (formerly MakerDAO) was built and is still used on the Ethereum blockchain.

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makerDAO

MakerDAO (Sky) is a Decentralized Autonomous Organization that operates on the Ethereum blockchain.

About
Team members

Company Info

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.