What is Sky Protocol (SKY)?
Sky Protocol is the successor to MakerDAO, one of the first and largest decentralized finance (DeFi) projects. It introduces a new governance token, SKY (replacing MKR), and a new stablecoin, USDS (replacing DAI), which is designed to maintain a soft peg to the U.S. dollar. The protocol aims to make decentralized stablecoins and governance more scalable, user-friendly, and compliant, while keeping its non-custodial and community-driven foundation. Sky Protocol also introduces modular sub-DAOs, called “Sky Stars,” which allow different parts of the ecosystem to specialize and innovate independently. Learn more
How to Deposit SKY Into Your Coinmetro Account
For all information on how to deposit SKY into your Coinmetro account, please see the following help center article:
As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.
How to Withdraw SKY From Your Coinmetro Account
For all information on how to withdraw SKY from your Coinmetro account, please see the following help center article:
Important Note: to request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.