Risk Curators · Review
ActiveSky Money Review 2026: Non-Custodial Savings and Vault Curation
Sky Money is a non-custodial gateway to the Sky Protocol (formerly MakerDAO) for savings, rewards and borrowing, and it also curates Morpho lending vaults on Ethereum. It suits DeFi users who accept protocol risk in exchange for self-custody.
By the DappsAtlas editorial team · Updated
DappsAtlas score
7.3/10
Good
Our verdict on Sky Money
7.3/10Sky Money suits experienced DeFi users who want savings, rewards or borrowing through the Sky Protocol and prefer to keep their own keys. Its main strength is the non-custodial design tied to the former MakerDAO ecosystem. The main caveat is that fees, rates and audit details are not, and curated vaults add allocation and smart-contract risk. Verify those yourself before depositing anything.
Score breakdown
How Sky Money scores
- Security
- 7.0/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- 7.5/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Sky Money?
Sky Money is a web app for the Sky Protocol, which a third-party wiki in public reporting describes as the successor to MakerDAO. The homepage promises savings, rewards, staking and borrowing without giving up control, meaning users keep custody of their assets in their own wallets.
DefiLlama lists Sky Money under Risk Curators, describing it as a Morpho vault curator that manages lending vault allocations. About $98 million in TVL was listed, down 8.4% over seven days. Its token is SKY, and it runs on Ethereum. The DefiLlama listing dates from May 2026.
Public reporting for the name are cluttered with unrelated apps, including payment and game apps. This review covers only the DeFi project at the official app address.
How Sky Money works
Sky Money is a front end to the Sky Protocol, a set of smart contracts on Ethereum. Users connect their own wallet and interact with the contracts directly. The homepage lists savings, rewards, staking and borrowing as the main functions. The protocol is built around the USDS stablecoin, and SKY is its native token.
Separately, DefiLlama classes Sky as a Morpho vault curator. Morpho is a lending protocol where vaults pool deposits and lend them out. A curator decides which markets a vault may lend into and how much goes to each. Depositors in a curated vault rely on those choices as well as on the underlying contracts.
The TVL on DefiLlama reflects assets deposited into vaults that Sky curates, not the whole Sky Protocol.
6 features
Key features
01
Non-custodial access
Users connect their own wallet instead of depositing with a custodian. The homepage frames this as access without giving up control.
02
Savings and rewards
The homepage lists savings and rewards among its core functions. Specific rates are not stated publicly.
03
Staking and borrowing
The site lists staking and borrowing alongside savings. Exact collateral types and terms are not public.
04
Morpho vault curation
DefiLlama says Sky manages allocations for lending vaults on Morpho. This is the basis for its Risk Curators listing.
05
USDS and SKY ecosystem
The protocol is built around the USDS stablecoin, and SKY is its native token according to public sources.
06
Ethereum deployment
DefiLlama lists Ethereum as its only chain, which keeps activity on one well-known network.
Pros and cons
What we like
- Non-custodial design means users keep control of their funds in their own wallet.
- Links to the Sky Protocol, formerly MakerDAO, one of the longer-running DeFi protocols.
- Covers savings, rewards, staking and borrowing in one interface.
- Listed on DefiLlama with a public TVL of about $98 million.
- Has a native token, SKY, and an active social account.
Watch out for
- DefiLlama lists no audits for this entry, so users must check the Sky Protocol's audit history themselves.
- Curated Morpho vaults add smart-contract and allocation risk on top of the base protocol.
- Fees and rates are not stated, so costs are unclear before connecting.
- TVL fell 8.4% over seven days in the DefiLlama data, a reminder that deposits can leave quickly.
- Only Ethereum is listed, so users face mainnet gas costs and have no other network options.
- The Sky.money name overlaps with unrelated apps in public reporting, which raises the risk of landing on the wrong site.
Sky Money fees
Fees are not published publicly available for this review. Its homepage does not give savings rates, borrowing costs or fee schedules.
Users should expect Ethereum network gas fees on transactions. Any rates, stability fees or vault fees would be shown in the app or the protocol's documentation, and they can change over time.
Is Sky Money safe?
Public sources describe Sky Money as non-custodial, so there is no company holding deposits. Risk instead sits in smart contracts, stablecoin mechanics and, for curated vaults, the allocation choices made by the curator and the Morpho contracts underneath. DefiLlama lists no audits for this entry, which does not prove none exist. Readers should check the audit history of the Sky Protocol and Morpho themselves.
The project does not mention hacks or incidents tied to this listing. Users should confirm they are on the official site, because similarly named apps appear in public reporting. Check local regulations on DeFi and stablecoins before using it.
6 steps
How to get started with Sky Money
- 1
Open the official Sky.money app by typing the address yourself or using a link from the project's verified social account, since similarly named apps exist.
- 2
Set up an Ethereum-compatible wallet and fund it with ETH for gas.
- 3
Connect the wallet and read each product's terms, rates and risks before proceeding.
- 4
Start with a small amount to learn how deposits and withdrawals work.
- 5
Review the Sky Protocol's audit reports and documentation independently.
- 6
Monitor your positions and the vault allocations if you use curated Morpho vaults.
Who Sky Money is for
Sky Money is for DeFi-literate users on Ethereum who want to save, earn rewards or borrow using a stablecoin-centered protocol without handing assets to a custodian. It is less suited to beginners who are unfamiliar with wallets, gas fees and smart-contract risk.
Sky Money FAQs
What is Sky Money?
Sky Money is a non-custodial web app for accessing the Sky Protocol, a decentralized protocol built around the USDS stablecoin. Its homepage describes savings, rewards, staking and borrowing without giving up control. DefiLlama also lists it as a curator of Morpho lending vaults.
Is Sky Money the same as MakerDAO?
Per a third-party wiki in public reporting, Sky.money was previously known as MakerDAO and is a gateway to the Sky Protocol. SKY is listed as the protocol's native token. Check the current protocol documentation for how the MKR to SKY transition worked.
Is Sky Money safe?
Public sources describe it as non-custodial, meaning you connect your own wallet rather than handing funds to a company. That removes exchange custody risk but not smart-contract, market or curation risk. DefiLlama lists no audits for this entry, so verify audit reports independently.
What are the fees and rates?
The project does not say. Rates and fees depend on the product and change over time, so check the app's own screens and the protocol's documentation before depositing. Ethereum network gas fees apply to any transaction.
Which blockchain does Sky Money use?
DefiLlama lists Ethereum only. You need an Ethereum-compatible wallet and some ETH for gas.
What does it mean that Sky Money is a vault curator?
DefiLlama lists it as a Morpho vault curator, meaning it manages how lending vault deposits are allocated. TVL is tracked as assets deposited into vaults curated by Sky. About $98 million was listed at the time of the data.
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How we checked
Sources
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