How to Buy Sky (SKY) in Australia
Sky (SKY) is the governance token of Sky Protocol, the Ethereum-based ecosystem behind the USDS stablecoin and the Sky Savings Rate, evolved from the original MakerDAO and Maker (MKR) project. Buy Sky on Digital Surge with instant AUD deposits and low fees.
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Sky Price & Market Data
Check out the latest Sky price, stats, and market data.
Stats
- Market cap
- $1.83B
- Circulating supply
- 23.30B SKY
- Max supply
- —
- 24h trading volume
- $13.76M
- Rank
- #57
- All-time high
- $3,643.91 AUD Apr 28, 2022
- All-time low
- $0.01126125 AUD Dec 5, 2025
About Sky
Sky (SKY) is the governance token of Sky Protocol, an Ethereum-based decentralised finance ecosystem that is the rebrand of MakerDAO. SKY is the successor to the MKR token and powers governance of the protocol behind the USDS stablecoin and the Sky Savings Rate, which rewards users for non-custodial saving.
Cronos Ecosystem
1 SKY =
$0.08 AUD
-2.64%
What is Sky and How Does It Work?
Sky (SKY) is the governance token of Sky Protocol, a decentralised finance ecosystem built on the Ethereum blockchain. Sky Protocol is the rebranded evolution of MakerDAO, one of the longest-running DeFi projects, and SKY is the successor to the project’s original governance token, MKR. Holders of SKY can participate in the governance of the protocol, helping decide on parameters, upgrades and the direction of the ecosystem.
At the centre of Sky Protocol is USDS, a stablecoin designed to track the value of the US dollar and the successor to DAI. Users can supply USDS to earn rewards through the Sky Savings Rate, a non-custodial saving mechanism that lets them keep full control of their funds while earning. The SKY token and the USDS stablecoin work together as the governance and stable-value layers of the Sky ecosystem on Ethereum.
- Governance token – SKY holders help govern Sky Protocol
- USDS stablecoin – A US dollar-pegged stablecoin, the successor to DAI
- Sky Savings Rate – Earn rewards on USDS through non-custodial saving
- Built on Ethereum – SKY is an ERC-20 token on the Ethereum network
- Evolved from MakerDAO – Sky is the rebrand of the long-running Maker (MKR) project
Why Buy Sky?
Sky offers exposure to one of the most established names in decentralised finance, rebuilt under the Sky Protocol brand on Ethereum. As the governance token of the ecosystem that issues the USDS stablecoin and powers the Sky Savings Rate, SKY gives holders a voice in how the protocol evolves. The non-custodial design of the Sky Savings Rate means users can earn rewards on USDS while keeping control of their own funds, without handing them to a third party. With its roots in the original MakerDAO project, Sky combines a long operating history in DeFi with an ecosystem focused on stable value and on-chain saving.
Sky Storage Tips
How to Store Sky Securely
After purchasing Sky, you can store it securely in your Digital Surge wallet for easy access and trading. For additional security, you can transfer your SKY to:
Use an Ethereum Wallet
SKY is an ERC-20 token, so store it in an Ethereum-compatible wallet such as MetaMask or Trust Wallet for everyday access and DeFi use.
Hardware Wallet for Larger Holdings
For larger amounts, use a hardware wallet such as a Ledger, which keeps your private keys offline and adds protection for your SKY tokens.
Back Up Your Recovery Phrase
Always securely back up your wallet's seed or recovery phrase in multiple offline locations, and never share it with anyone.
Frequently Asked Questions
Yes, buying Sky in Australia is legal. Digital Surge is registered with AUSTRAC, complying with Australian anti-money-laundering and counter-terrorism-financing requirements for cryptocurrency exchanges.
Sky (SKY) is the governance token of Sky Protocol, an Ethereum-based DeFi ecosystem that is the rebrand of MakerDAO. SKY is the successor to the MKR token, and holders can take part in governing the protocol. The ecosystem also issues USDS, a US dollar stablecoin and the successor to DAI, which users can save with to earn rewards.
Sky Protocol pairs the SKY governance token with USDS, a US dollar-pegged stablecoin. Users can supply USDS to earn rewards through the Sky Savings Rate, a non-custodial mechanism that lets them keep full control of their funds rather than transferring them to a third party. SKY holders, meanwhile, help govern the parameters and upgrades of the protocol.
SKY is an ERC-20 token on the Ethereum network, so it can be stored in any Ethereum-compatible wallet, such as MetaMask or Trust Wallet, or on a hardware wallet like a Ledger for added security. You can also keep your SKY in your Digital Surge account for convenience. Whichever option you choose, always back up your wallet’s recovery phrase securely and offline.
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