Sky (ex Maker) (SKY)

What is Sky (ex Maker)?

Sky (formerly MakerDAO) is the protocol behind USDS (formerly DAI), the leading decentralised stablecoin in the sector. SKY is the governance token that allows holders to vote on protocol parameters.

The Sky protocol allows users to deposit collateral (ETH, BTC, RWA) to generate USDS, an overcollateralised stablecoin pegged to the dollar. With the integration of Real World Assets (RWA), including tokenised US Treasuries, the protocol generates real yield distributed to staked SKY holders. The rebranding from MakerDAO to Sky reflects an expansion strategy targeting retail users with simplified interfaces.

Key data

Why analyse Sky (ex Maker) with machine learning?

The protocol's collateralisation ratio and stability fee rates, the cost of generating USDS, are measurable indicators of market conditions in advance. Sky governance processes, including votes on critical parameters such as debt ceiling and collateral type, create predictable events with a price impact. RWA growth within the protocol is an indicator of institutional DeFi adoption.

How High Tide's analysis of Sky (ex Maker) works

Every day, the High Tide model analyses Sky (ex Maker) by combining multiple technical indicators: RSI to identify overbought and oversold conditions, MACD to detect momentum changes, and Bollinger Bands to measure relative volatility. The analysis also integrates the closing price, trading volumes and the trend over the last 24 hours. The model publishes an UP or DOWN signal only when all indicators exceed the minimum confidence threshold, filtering out weak or contradictory signals. Each prediction is verified after 7 days against real Binance data, continuously updating the accuracy statistics.