sUSDS
SUSDS Price
$sUSDS is Sky's updated version of sDAI, providing a higher return. It symbolizes USDS that is deposited and earns interest through the Sky Savings Rate. More
| Fully Diluted Valuation | $2.47B |
|---|---|
| 24H Trading Volume | $9.97M |
| 24H Low / High | $1.06 / $ 1.06 |
| Circulating Supply | 2.34 B |
| Total Supply | 2.34 B |
| Max Supply | 0.00 |
| Categories | Ethereum Ecosystem 3 more |
|---|---|
| Founder | Rune Christensen |
| Website | sky.money |
| Socials | |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Ethplorer 3 more |
| Contracts |
0xa39....27fbd
2 more
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| Name | Pair | OG Score |
|---|
The emergence of the decentralized Sky Protocol $sUSDS has ushered in innovative financial opportunities within the blockchain space. Among its standout components, the $sUSDS token holds a pivotal role, offering users enhanced possibilities for saving and earning rewards without relinquishing control over their assets. Below is a comprehensive exploration of sUSDS, its features, use cases, and its role within the Sky ecosystem.
Project Overview and Features
$sUSDS serves as a digital record of USDS interactions within the Sky Protocol's savings module. This stablecoin operates as an upgraded version of DAI, retaining its core principles while offering enhanced features. The primary aim of sUSDS is to provide a robust and scalable financial tool within the decentralized Sky ecosystem.
Key Features of the Sky Protocol $sUSDS
Sky Savings Rate (SSR): $sUSDS tokens are issued when USDS is supplied to the SSR module. This system allows users to accumulate additional USDS over time without any minimum supply requirement. The value of $sUSDS tokens grows as more USDS is dynamically added to the pool, thus enhancing the return on investment for users.
Sky Token Rewards: Users can utilize $sUSDS to access and earn Sky Token Rewards. These rewards are calculated based on the user's share of the overall USDS pool, encouraging broader participation and providing a variable rewards rate.
Non-Custodial Management: $sUSDS and USDS tokens are secured within a non-custodial smart contract, ensuring that users retain full control over their funds without intermediary involvement.
Use Cases of the Sky Protocol $sUSDS
$sUSDS enables several use cases within the Sky Protocol $sUSDS, which include:
Savvy Savings: By leveraging the SSR, users can enhance their savings with a variable interest rate, providing a dynamic avenue for passive income generation.
Reward Accumulation: Through the Sky Token Rewards mechanism, $sUSDS holders can earn rewards, supporting the continuous engagement and expansion of the Sky ecosystem.
Flexible Financial Management: As a non-custodial asset, sUSDS provides users with the flexibility to manage their assets independently, ensuring safety and autonomy over their financial operations.
Founders, Backers, and Partners of the Sky Protocol $sUSDS
The Sky Protocol $sUSDS and its associated tokens, including $sUSDS, are backed by a decentralized community of contributors and participants. This community-driven governance model is supported by a variety of stakeholders, including developers, investors, and users, who collectively guide the protocol's growth and development through on-chain voting and the governance framework outlined in the Sky Atlas.
By fostering a transparent and inclusive environment, the Sky Protocol $sUSDS aims to build a sustainable and resilient financial ecosystem, powered by innovative technologies like sUSDS.
Sky Ecosystem integrates sUSDS, a unique stablecoin offering dynamic savings and reward opportunities within a multichain framework.
Rune Christensen is the founder of Sky Ecosystem.
Partners include Wormhole for multichain capabilities.
Uniswap V3 (Ethereum), Aerodrome (Base), Curve (Ethereum), Maverick Protocol (Base)
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like sUSDS SUSDS. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of sUSDS (SUSDS) is ($2,340,533,468), max supply of sUSDS SUSDS is ($0) and the market cap of sUSDS SUSDS is ($2,474,016,470).
What is the sUSDS (SUSDS) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of sUSDS (SUSDS) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether sUSDS (SUSDS) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (sUSDS SUSDS) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does sUSDS (SUSDS) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether sUSDS (SUSDS) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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