USDS
USDS is a stablecoin of the decentralized Sky ecosystem, designed to maintain a peg to USD. It is a multipurpose tool for decentralized finance (DeFi), enabling value to flow through the system via peer-to-peer lending and savings without intermediaries. The token is “put to work” by supplying it to various protocol modules; for example, users can convert USDS to s USDS, earning interest from protocol revenue, or lock it to receive SKY governance tokens. As the ecosystem develops, this model expands through “Sky Stars”—semi-autonomous projects that extend the utility of the stablecoin into specialized areas such as institutional credit and advanced lending.
Overview
USDS is a stablecoin of the decentralized Sky ecosystem, designed to maintain a peg to USD. It is a multipurpose tool for decentralized finance (DeFi), enabling value to flow through the system via peer-to-peer lending and savings without intermediaries. The token is “put to work” by supplying it to various protocol modules; for example, users can convert USDS to s USDS, earning interest from protocol revenue, or lock it to receive SKY governance tokens. As the ecosystem develops, this model expands through “Sky Stars”—semi-autonomous projects that extend the utility of the stablecoin into specialized areas such as institutional credit and advanced lending.
- Sector
- # Stablecoins
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
Related news
Market updates
Moody’s rates a stablecoin protocol for the first time:Sky Protocol receives B3 with a stable outlook
Moody’s awarded Sky Protocol B3 a long-term counterparty risk rating with a stable outlook. The report stated that it manages approximately 10000000000 USD in assets, but has only approximately 90000000 USD in tangible common equity, making its capital position a material credit weakness.
Binance Wallet launches a stablecoin no-deposit earning feature, with USDe estimated annualized rewards of up to 4.75%
Binance Wallet announces the launch of a no-deposit earning feature. After activation, holding eligible U,USDe or USDS for 24 hours begins accruing rewards, with no staking or locking required. Rewards are funded by partners' promotional campaigns, accrue daily, and are distributed weekly.
People updates
No related people updates.