# Sky (SKY) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/sky.html

## Definition
Sky (formerly MakerDAO) is one of the oldest and largest DeFi lending protocols, issuing the USDS stablecoin (upgraded DAI) through overcollateralized vaults under its 'Endgame' overhaul.

## What the holder owns (FORA-01 Q1)
SKY is the sole governance token of the Sky protocol (formerly MakerDAO); MKR holders could upgrade 1:24,000, with governance migrating to the new Chief contract controlled exclusively by SKY voting.

## Verification verdict
Class A (Class A) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 VERIFIED · q3 VERIFIED · q4 VERIFIED · q5 VERIFIED

## Plain-language utility
Governance token for Sky — holders vote on protocol decisions.

## Key risks & notes
Research note: full whitepaper page fetch was unavailable this session; summary grounded in the official whitepaper page and official ecosystem materials surfaced via search. Risks: the complex dual-token transition (MKR/SKY, DAI/USDS) creates migration and liquidity fragmentation risk; governance can concentrate among large holders; black-swan collateral crashes can break the peg via liquidations; and stablecoins face mounting global regulation plus competition from centralized issuers.

## Primary source
- https://makerdao.com/en/whitepaper/

---
Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.