$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 | $1.92B |
|---|---|
| 24H Trading Volume | $12.97M |
| 24H Low / High | $1.06 / $ 1.06 |
| Circulating Supply | 1.81 B |
| Total Supply | 1.81 B |
| Max Supply | 0.00 |
| Categories | Ethereum Ecosystem 2 more |
|---|---|
| Founder | Rune Christensen |
| Website | sky.money |
| Socials | |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Ethplorer 3 more |
| Contracts | 0xa39....27fbd 2 more |
| 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)
