Sky is now available on Summer.fi - Upgrade and Stake
MakerDAO has transformed into Sky, and once again Summer.fi is the perfect place to interact with it.
What You Can Do on Summer.fi Right Now
- DAI ↔ USDS: Upgrade your DAI to USDS or swap back as needed.
- MKR ↔ SKY: Convert MKR to SKY with a 24,000:1 split. Reverse the process anytime.
- USDS ↔ sUSDS: Stake USDS for sUSDS to access the Sky Savings Rate.
- Simple SKY Farming: Deposit USDS or sUSDS to farm SKY rewards.
Why Use Summer.fi for Sky?
Summer.fi's roots run deep in the MakerDAO ecosystem. We began as Oasis - the original, official frontend for MakerDAO, and now, as it becomes Sky, we believe we are still the best place to access the protocol. Why?
- Open to anyone: We don’t restrict users based on geography.
- Ecosystem-wide support: Sky is poised to be a central piece of DeFi, and Summer makes it easy to access all the best of DeFi in one place.
- Convenience Features: Pretty much all you can think of - multiply, refinance, close… all in one transaction.
- Safe and simple automation: Set and forget your strategy on Sky and other protocols like Spark
- Advanced Data: compare and contrast borrow rates, yields and see you PnL in real time.
What's next?
The Sky ecosystem will introduce $SPK Token Launch and Farming, where $USDS users can access 700 million $SPK per year, and activated or sealed SKY/MKR will receive 150 million $SPK annually. $SKY Activation Rewards allow holders to freely activate/deactivate tokens and earn 15% of the total $SPK supply. Sealed Activation encourages long-term governance by offering rewards for sealed SKY/MKR with an increasing exit fee from 5% to 15% over five years. Skylink expands Sky's core features, including USDS and token rewards, across multiple L2s and blockchains, with more deployments planned.
Getting in touch
If you have any questions regarding Summer.fi, contact us at support@summer.fi or our social media.