USDS Stablecoin
$1.00
0.29%
Past Day
Market Stats
Market Cap
$11.07b
24h Volume
$15.59m
FDV
$11.07b
Max Supply
11.11b
About
Contract
0x820C...21Dc
Created
Oct 10, 2024
Website
sky.money
𝕏
Twitter
@SkyEcosystem
What is USDS Stablecoin?
USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S. dollar. It functions as a versatile tool for decentralized finance (DeFi), allowing value to move through the system via peer-to-peer lending and saving without a middleman. The token is 'put to work' by being supplied to various protocol modules; for example, users can convert USDS into sUSDS to earn interest from protocol revenue or lock it to receive SKY governance tokens. As the ecosystem grows, this scales through "Sky Stars," which are semi-autonomous projects that expand the stablecoin’s utility into specialized areas like institutional credit and advanced lending.