According to ChainCatcher, MakerDAO rebranded Sky and published a post on the X platform stating that USDS and SKY have been launched on Ethereum, and there are also DeFi functions supported by the decentralized Sky protocol, which can be used on the official website.

Currently, it includes functions such as upgrading DAI and MKR to USDS and SKY, trading cryptocurrencies for USDS or SKY, obtaining SKY token rewards, and storing USDS.