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- Source: inbox/queue/2026-05-01-defi-lending-rates-vs-bank-savings-comparison-2026.md - Domain: internet-finance - Claims: 0, Entities: 3 - Enrichments: 2 - Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5) Pentagon-Agent: Rio <PIPELINE>
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Sky Protocol
Type: DeFi lending protocol (formerly MakerDAO) Status: Active Domain: internet-finance
Overview
Sky Protocol (formerly MakerDAO) is a DeFi lending protocol offering the Sky Savings Rate (SSR), a governance-controlled stablecoin yield mechanism.
Timeline
- 2026-05-01 — Sky Savings Rate (SSR) offering 5-8% APY depending on governance decisions, competing with Aave and Morpho in the DeFi lending market
Key Metrics (May 2026)
- Sky Savings Rate: 5-8% APY (governance-controlled)
- Position: Major DeFi lending protocol alongside Aave and Morpho
Mechanism
The Sky Savings Rate is set through governance decisions, allowing the protocol to adjust yields based on market conditions and protocol strategy. This represents a transition from the original MakerDAO DSR mechanism.
Market Context
Sky Protocol competes in the 3-10% APY stablecoin lending market, significantly above traditional bank savings rates (~0.01%) and roughly competitive with high-yield online savings accounts (4-5%).