SKY is the governance and utility token of Sky Protocol—a revamped, MakerDAO‑successor DeFi platform that issues the USDS stablecoin. Holders steer protocol upgrades, stake to earn “Sky Token Rewards,” and supply liquidity for trading and savings products. The token superseded MKR at a conversion of 1 : 24,000 and underpins Sky Protocol’s Cardano‑based L2 focused on data availability.
The Indian Rupee (INR) is the official currency of India, issued by the Reserve Bank of India (RBI). As one of the fastest-growing economies, India's currency is essential for trade and remittances. While crypto trading in INR is regulated, stablecoins pegged to the rupee are emerging, offering digital asset users a way to transact with INR in the blockchain ecosystem.