USDS

Overview

USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg to the U.S. dollar. It serves as a general-purpose tool within decentralized finance (DeFi), allowing value to move through the system via peer-to-peer lending and saving without an intermediary.

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. The ecosystem scales through 'Sky Stars,' semi-autonomous projects that extend the stablecoin's utility into specialized areas such as institutional credit and advanced lending.