Sky

SkyMKR

Decentralized lending platform

$1,455.25

+3.09%

About Sky

Founded

2014

Address

United States

Community

Sky is a peer-to-contract lending platform that enables over-collateralized loans by locking Ether in a smart contract and minting Dai, a stablecoin pegged to the US dollar. Dai's stability is achieved through a dynamic system of collateralized debt positions, autonomous feedback mechanisms, and incentives for external actors. Once generated, Dai can be sent to others, used as payments for goods and services, or held as long-term savings.

Team Members

Rune Christensen
Rune ChristensenFounder
Kenny Rowe
Kenny RoweCo-Founder
Doo Wan Nam
Doo Wan NamAsia Lead

Investors

ParaFi CapitalParaFi Capital
Bain Capital VenturesBain Capital Ventures
UncorrelatedUncorrelated
DragonflyDragonfly
ParadigmParadigm
Andreessen HorowitzAndreessen Horowitz
PolychainPolychain
FBG CapitalFBG Capital
1confirmation1confirmation
Distributed Capital PartnersDistributed Capital Partners
Walden Bridge CapitalWalden Bridge Capital
W
Wyre Capital
S
Scanate

Fundrasing details

Funding RoundAmountValuation
Date
Investors
--
$7.00M
--
2019-11-30
ParaFi CapitalParaFi Capital
Bain Capital VenturesBain Capital Ventures
+ 1
OTC
$27.50M
--
2019-12-18
DragonflyDragonfly
ParadigmParadigm
--
$15.00M
--
2018-09-23
Andreessen HorowitzAndreessen Horowitz
--
$12.00M
--
2017-12-15
Andreessen HorowitzAndreessen Horowitz*
PolychainPolychain*
+ 6

Subsidiary Organizations

Spark Protocol
Spark Protocol
Lending Market
Polaris
Polaris
Berachain-based DeFi protocol