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Sky Money Official: Upgrade DAI to USDS & SKY Token Guide 2026 

Sky Stars Ecosystem: The Evolution of Maker

The Sky Protocol has decentralized its massive infrastructure into independent "Stars" (formerly SubDAOs).

USDS Stablecoin: The upgraded version of DAI. It retains the over-collateralized security of its predecessor but adds native yield features and compliance hooks for mass adoption.

SKY Token: The new governance layer. Users who execute the MKR to SKY Upgrade receive 24,000 SKY for every 1 MKR, effectively splitting the token to make governance more accessible.

Sky Stars: Specialized entities like Spark (Lending) operate as independent DAOs within the ecosystem, generating revenue that flows back to SKY Token Rewards.

Sky Protocol Login & Smart Contract Upgrades

The Sky.money App is the non-custodial frontend for the entire ecosystem.

Upgrade DAI to USDS: The migration is permissionless. Users interact with the "DaiUSDS" converter contract to swap tokens 1:1 instantly.

Freeze Functionality: Unlike DAI, USDS Stablecoin includes a "freeze" capability to comply with global regulatory standards, making it the preferred collateral for Real World Assets (RWA).

DeFi Integrations: Sky Protocol is natively integrated with every major L2 (Base, Arbitrum, Optimism), allowing for low-cost transactions of USDS across the Ethereum landscape.

Sky Savings Rate (SSR) & SKY Token Rewards

The Sky Savings Rate (SSR) is the new benchmark for "Risk-Free" crypto yield.

SSR Yield: By supplying USDS Stablecoin to the protocol, users earn a variable APY generated from the protocol's Treasury Bill holdings and lending fees.

SKY Token Rewards: In addition to the base yield, depositors can choose to farm SKY Token Rewards. This incentivizes long-term liquidity provision.

Activation Rewards: New users who activate their stake on the Sky.money App often receive "Activation Boosts," significantly increasing their effective APY compared to holding raw stablecoins.

Upgrade DAI to USDS: Official Migration Guide

To modernize your portfolio and start earning yield, follow this strict upgrade path:

Access Portal: Navigate to the official Sky Protocol Login page (link below).

Connect Wallet: Link your Ethereum wallet holding DAI or MKR.

Execute Migration:

For Stablecoins: Select "Upgrade" to swap DAI to USDS (1:1).

For Governance: Select "Convert" to swap MKR to SKY (1:24,000).

Activate Savings: Deposit your new USDS into the "Savings" tab to activate the Sky Savings Rate (SSR).

Monitor: Track your accumulating yield directly on the Sky.money App dashboard.

Is Sky Money Safe? MakerDAO Legacy

Sky Money inherits the battle-tested security of the Maker Protocol, which has secured billions of dollars since 2017 without a hack. The smart contracts powering USDS Stablecoin and the Sky Savings Rate are formally verified and audited by top firms (ChainSecurity, ABDK). While USDS introduces new features like the freeze capability, the underlying collateralization engine remains the most robust in DeFi, ensuring that every dollar is backed by verifiable on-chain assets.

Frequently Asked Questions

Is DAI going away? DAI remains operational as a legacy token, but it does not earn the Sky Savings Rate (SSR). To earn yield, you must Upgrade DAI to USDS.

What is the ratio for MKR to SKY? The official MKR to SKY Upgrade ratio is fixed at 1 MKR = 24,000 SKY tokens.

Can I use USDS in DeFi? Yes. USDS Stablecoin is the primary liquidity pair on Uniswap and is accepted as collateral across the Sky Stars Ecosystem (e.g., Spark).

[> Official Sky.money App: Upgrade DAI/MKR & Earn Yield <]

https://sites.google.com/verify-chain.org/sky-money/