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#SKY Sky’s new DeFi protocol Grove launches with $1B backing to bring institutional credit onchain: Sky Protocol’s decentralized finance network has launched a new institutional-grade credit protocol with a $1 billion investment into tokenized credit.
Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on June 25. At launch, the Sky ecosystem allocated $1 billion to Grove for investments in the Janus Henderson Anemoy AAA CLO Strategy, a fully tokenized fund created in collaboration with Centrifuge.
Run by the same team that manages Janus Henderson’s $21 billion AAA CLO ETF, the strategy provides DeFi with access to a traditionally off-chain asset class known for yield stability and capital preservation. This marks the first time a collateralized loan obligation investment strategy has been deployed fully onchain.
Grove is designed to serve as a capital routing layer between onchain protocols and traditional asset managers. Through Grove’s infrastructure, crypto-native projects can deploy idle reserves into diversified, regulated vehicles, without leaving the blockchain environment. The non-custodial system allows for flexible capital allocation.
A founding group of TradFi and DeFi veterans from Citigroup, Deloitte, BlockTower Capital, and Hildene Capital worked with Grove Labs, a division of Steakhouse Financial, to incubate the protocol.
Sky co-founder Rune Christensen noted that the protocol’s long-term goal is to build an open, decentralized capital network. Grove’s launch, he said, advances that mission by adding a new layer of asset diversity to the system’s real-world asset portfolio.As part of its roadmap, Grove will continue to facilitate allocations between asset managers and crypto-native protocols, positioning itself as a key liquidity engine for DeFi.$BTC
Grove, a DeFi credit infrastructure developed as part of the Sky (SKY) ecosystem, was announced in a press release on June 25. At launch, the Sky ecosystem allocated $1 billion to Grove for investments in the Janus Henderson Anemoy AAA CLO Strategy, a fully tokenized fund created in collaboration with Centrifuge.
Run by the same team that manages Janus Henderson’s $21 billion AAA CLO ETF, the strategy provides DeFi with access to a traditionally off-chain asset class known for yield stability and capital preservation. This marks the first time a collateralized loan obligation investment strategy has been deployed fully onchain.
Grove is designed to serve as a capital routing layer between onchain protocols and traditional asset managers. Through Grove’s infrastructure, crypto-native projects can deploy idle reserves into diversified, regulated vehicles, without leaving the blockchain environment. The non-custodial system allows for flexible capital allocation.
A founding group of TradFi and DeFi veterans from Citigroup, Deloitte, BlockTower Capital, and Hildene Capital worked with Grove Labs, a division of Steakhouse Financial, to incubate the protocol.
Sky co-founder Rune Christensen noted that the protocol’s long-term goal is to build an open, decentralized capital network. Grove’s launch, he said, advances that mission by adding a new layer of asset diversity to the system’s real-world asset portfolio.As part of its roadmap, Grove will continue to facilitate allocations between asset managers and crypto-native protocols, positioning itself as a key liquidity engine for DeFi.$BTC
Sky Price Prediction: Is Now the Time to Invest in the Rebranded MakerDAO?
As of June 2025, Sky (formerly known as Maker) has climbed about 15% over the past month, thanks largely to the long-awaited launch of Sky Protocol’s staking rewards program. However, as of June 20, the token has already seen a slight pullback following this recent surge.
So, what’s next for Sky — and is now the right time to invest?
What is Sky?
Sky is the reimagined version of MakerDAO, one of the earliest and most influential DeFi platforms in crypto. The major rebrand launched in August 2024 as part of MakerDAO’s ambitious Endgame plan aimed at modernizing the platform.
Key changes under the rebrand include:
The DAI stablecoin was renamed to USDS
The old MKR governance token was replaced with Sky
But Sky isn’t just a new name. The project introduces a more user-friendly, community-driven structure. This includes Sky Stars — smaller, task-specific sub-DAOs that each serve distinct roles and offer targeted rewards. The aim is to simplify governance, improve scalability, and enhance the overall user experience.
In short, Sky builds on MakerDAO’s legacy with a fresh, modern take on DeFi.
Sky Price Prediction: General Outlook
As of June 20, Sky is trading at around $0.08, reflecting a 1.16% drop over the past 24 hours and a 6.2% decline over the week. On June 16, the token briefly spiked to $0.0949, while its recent all-time high of $0.1014 came in December 2024 during a broader crypto market rally.
The latest price action has been driven by:
The launch of staking rewards, enabling holders to earn yield by locking up tokens
A deflationary shift with no new token emissions and a buyback-and-burn mechanism
The ongoing MKR-to-SKY conversion, which has reduced circulating supply and added upward pressure on price
#sky
#crypto
#Tahirsindhoo
$SKYAI
As of June 2025, Sky (formerly known as Maker) has climbed about 15% over the past month, thanks largely to the long-awaited launch of Sky Protocol’s staking rewards program. However, as of June 20, the token has already seen a slight pullback following this recent surge.
So, what’s next for Sky — and is now the right time to invest?
What is Sky?
Sky is the reimagined version of MakerDAO, one of the earliest and most influential DeFi platforms in crypto. The major rebrand launched in August 2024 as part of MakerDAO’s ambitious Endgame plan aimed at modernizing the platform.
Key changes under the rebrand include:
The DAI stablecoin was renamed to USDS
The old MKR governance token was replaced with Sky
But Sky isn’t just a new name. The project introduces a more user-friendly, community-driven structure. This includes Sky Stars — smaller, task-specific sub-DAOs that each serve distinct roles and offer targeted rewards. The aim is to simplify governance, improve scalability, and enhance the overall user experience.
In short, Sky builds on MakerDAO’s legacy with a fresh, modern take on DeFi.
Sky Price Prediction: General Outlook
As of June 20, Sky is trading at around $0.08, reflecting a 1.16% drop over the past 24 hours and a 6.2% decline over the week. On June 16, the token briefly spiked to $0.0949, while its recent all-time high of $0.1014 came in December 2024 during a broader crypto market rally.
The latest price action has been driven by:
The launch of staking rewards, enabling holders to earn yield by locking up tokens
A deflationary shift with no new token emissions and a buyback-and-burn mechanism
The ongoing MKR-to-SKY conversion, which has reduced circulating supply and added upward pressure on price
#sky
#crypto
#Tahirsindhoo
$SKYAI
3 𝗔𝗹𝘁𝗰𝗼𝗶𝗻𝘀 𝗣𝗼𝗶𝘀𝗲𝗱 𝗳𝗼𝗿 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗔𝗹𝗹-𝗧𝗶𝗺𝗲 𝗛𝗶𝗴𝗵𝘀 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸
#SPX6900 nearing ATH, poised for $1.80 surge.
#Saros eyes new highs with #bitcoin 's momentum boost.
#sky Protocol surges 25%, targeting $0.1054 ATH.
Bullish trends unfolding, investor optimism grows.
Altcoins ready to shine, potential gains ahead.
Market momentum shifts in favor of bulls.
Get ready for potential breakouts and profits.
Bullish sentiment dominates, altcoins on the rise.
#GENIUSActPass
#SPX6900 nearing ATH, poised for $1.80 surge.
#Saros eyes new highs with #bitcoin 's momentum boost.
#sky Protocol surges 25%, targeting $0.1054 ATH.
Bullish trends unfolding, investor optimism grows.
Altcoins ready to shine, potential gains ahead.
Market momentum shifts in favor of bulls.
Get ready for potential breakouts and profits.
Bullish sentiment dominates, altcoins on the rise.
#GENIUSActPass
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$MKR
MakerDAO is considering abandoning its recently launched 'Sky' brand and plans to conduct a community poll on brand direction on November 4. This decision comes after community feedback and concerns about the 'Sky' brand. Recently, MakerDAO founder Rune Christensen proposed three options for the community to vote on:
1. Continue using 'Sky' as the core brand.
2. Refocus on the 'Maker' brand with its original brand image.
3. Refocus on the 'Maker' brand with an updated brand image.
The poll will allow community members to express their opinions on the future direction of the brand. This process will begin on October 28, and if the proposal is approved, multiple-choice voting will start during the week of November 4. This poll will help determine MakerDAO's next steps.
#mkr #MakerDao #sky #MKR/USDT #MKR📈
MakerDAO is considering abandoning its recently launched 'Sky' brand and plans to conduct a community poll on brand direction on November 4. This decision comes after community feedback and concerns about the 'Sky' brand. Recently, MakerDAO founder Rune Christensen proposed three options for the community to vote on:
1. Continue using 'Sky' as the core brand.
2. Refocus on the 'Maker' brand with its original brand image.
3. Refocus on the 'Maker' brand with an updated brand image.
The poll will allow community members to express their opinions on the future direction of the brand. This process will begin on October 28, and if the proposal is approved, multiple-choice voting will start during the week of November 4. This poll will help determine MakerDAO's next steps.
#mkr #MakerDao #sky #MKR/USDT #MKR📈
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$MKR
MKR token holders are currently voting to assess their opinion on whether MakerDAO should "rebrand" the Maker brand and abandon the new name "Sky" adopted in August. This non-binding vote currently shows that token holders tend to support retaining the Sky brand, although participation is limited.
MakerDAO founder Rune Christensen stated in an interview that he remains neutral on branding issues but emphasizes that the community needs to address the branding controversy and refocus on growth. He mentioned that changing the name to Sky is not just superficial but part of Maker's "endgame strategy," which has launched new products such as the USDS stablecoin.
Christensen also mentioned that one way to track the success of the USDS stablecoin is to observe the proportion of USDS that is idle and not earning rewards. Of the more than $1 billion in circulation, a portion is not earning rewards, indicating that it is held by real human beings rather than bots, as this idle behavior indicates genuine use.
Although the launch of the USDS stablecoin exceeded expectations, Christensen also acknowledged that the renaming of Sky has faced challenges that have affected community perception and market confidence. This round of voting will last until November 7, after which a binding governance vote will take place.
#mkr #MakerDao #MKR📈 #MKR/USDT #sky
MKR token holders are currently voting to assess their opinion on whether MakerDAO should "rebrand" the Maker brand and abandon the new name "Sky" adopted in August. This non-binding vote currently shows that token holders tend to support retaining the Sky brand, although participation is limited.
MakerDAO founder Rune Christensen stated in an interview that he remains neutral on branding issues but emphasizes that the community needs to address the branding controversy and refocus on growth. He mentioned that changing the name to Sky is not just superficial but part of Maker's "endgame strategy," which has launched new products such as the USDS stablecoin.
Christensen also mentioned that one way to track the success of the USDS stablecoin is to observe the proportion of USDS that is idle and not earning rewards. Of the more than $1 billion in circulation, a portion is not earning rewards, indicating that it is held by real human beings rather than bots, as this idle behavior indicates genuine use.
Although the launch of the USDS stablecoin exceeded expectations, Christensen also acknowledged that the renaming of Sky has faced challenges that have affected community perception and market confidence. This round of voting will last until November 7, after which a binding governance vote will take place.
#mkr #MakerDao #MKR📈 #MKR/USDT #sky
📊 Top DeFi Projects by TVL
The DeFi space continues to grow, with leading protocols securing billions in Total Value Locked (TVL). Here are the top DeFi projects by TVL, showcasing the strongest platforms in the ecosystem:
🔹 Sky – $18.7B 📈
🔹 Lido – $17.8B 🌊
🔹 Aave V3 – $16.2B 💳
🔹 ethena – $6.3B 🏦
🔹 $EIGEN – $5.2B 🔗
🔹 $ETHFI – $5.2B ⚡️
🔹 $PENDLE – $4.5B 📊
With staking, lending, and liquid restaking protocols leading the charge, which DeFi project are you most bullish on? 🚀
Let's discuss on Pulse and stay up to date with the latest DeFi news! 😉
#defi
#sky
#lido
#tvl
#bullish
The DeFi space continues to grow, with leading protocols securing billions in Total Value Locked (TVL). Here are the top DeFi projects by TVL, showcasing the strongest platforms in the ecosystem:
🔹 Sky – $18.7B 📈
🔹 Lido – $17.8B 🌊
🔹 Aave V3 – $16.2B 💳
🔹 ethena – $6.3B 🏦
🔹 $EIGEN – $5.2B 🔗
🔹 $ETHFI – $5.2B ⚡️
🔹 $PENDLE – $4.5B 📊
With staking, lending, and liquid restaking protocols leading the charge, which DeFi project are you most bullish on? 🚀
Let's discuss on Pulse and stay up to date with the latest DeFi news! 😉
#defi
#sky
#lido
#tvl
#bullish
Don't asked permission to fly.The wings are yours, And the #Sky belongs no one. . . .
#Vote-PIOnBinanceYesOrNo
#PiCoreTeam #Pioneers👫great
#Vote-PIOnBinanceYesOrNo
#PiCoreTeam #Pioneers👫great
KEY METRICS ON POPULAR DAPPS
#Sky $SKY #Ethena $ENA #PancakeSwap $CAKE #Aerodrome $AERO #Aave $AAVE #Jito $JTO #LidoFinance $LDO #Uniswap $UNI #GMX $GMX
#Sky $SKY #Ethena $ENA #PancakeSwap $CAKE #Aerodrome $AERO #Aave $AAVE #Jito $JTO #LidoFinance $LDO #Uniswap $UNI #GMX $GMX
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Ten Years of Growth — The Inside and Out of the On-Chain Fed MakerDAO ($MKR) Upgrade to Sky (Part 1)
When I was browsing Coingecko recently, I noticed that the stablecoin USDS has jumped to the 23rd place in the market capitalization ranking. Curious, I did some research and found out that USDS is an upgraded version of DAI, and the MakerDAO protocol behind it has also been upgraded to Sky.
#DAI #MKR #SKY #USDS
Let’s first take a look at MakerDAO, and then talk about upgrading Sky. This article is divided into two parts:
Previous article: MakerDAO’s product structure and principles
Next article: Sky's product structure and upgrade content
Today let’s talk about the previous article - the product structure and principles of MakerDAO.
#DAI #MKR #SKY #USDS
Let’s first take a look at MakerDAO, and then talk about upgrading Sky. This article is divided into two parts:
Previous article: MakerDAO’s product structure and principles
Next article: Sky's product structure and upgrade content
Today let’s talk about the previous article - the product structure and principles of MakerDAO.
Sky announces integration with Berachain
#Sky is deploying #Polaris , one of its latest ecosystem products, onto #Berachain , an EVM-compatible #Layer1 blockchain, as part of its agent framework. Sky’s USDS will be integrated into Berachain via Polaris to deploy capital into the Berachain ecosystem to create a fully autonomous liquidity system. The first phase aims to extend USDS stablecoins cross-chain, enabling USDS holders to access Berachain’s #DeFi services, including lending, trading, and yield farming.
👉 theblock.co/post/343689/sky-introduces-polaris-to-connect-to-berachain-as-part-of-agent-framework
#Sky is deploying #Polaris , one of its latest ecosystem products, onto #Berachain , an EVM-compatible #Layer1 blockchain, as part of its agent framework. Sky’s USDS will be integrated into Berachain via Polaris to deploy capital into the Berachain ecosystem to create a fully autonomous liquidity system. The first phase aims to extend USDS stablecoins cross-chain, enabling USDS holders to access Berachain’s #DeFi services, including lending, trading, and yield farming.
👉 theblock.co/post/343689/sky-introduces-polaris-to-connect-to-berachain-as-part-of-agent-framework
#BTC triggered a brief panic among traders due to a sudden price drop, but it is now demonstrating an impressive swift recovery. At the same time, DEFI assets like $LINK and $HBAR are showing significant gains. Furthermore, I am keeping a close watch on Sky, a Defi project with substantial growth prospects, where users can participate in trading during the Candybomb event on BITGET to unlock #SKY rewards.
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