Sky Dollar

USDS

USDs is a fully collateralized stablecoin on Solana that is backed by yield-generating assets.

Risk Rating

Watch Out

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Information

Blockchain

Solana

Info

Asset Type: SPL

Key Metrics

Risk Assessment

Watch Out

Asset Strength

USDS is a mid-cap, fully collateralized asset. This asset depends on three centralized entities for custody services. This asset is exposed to the underlying risks of Sky (fka Maker) and Portal (Wormhole) bridge, which are protocols rated as Good and Watch out, respectively.

USDS is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.

Dependencies

Portal Bridge

Maker

Asset Tokenomics

USDS does not have a supply schedule. USDS is the rebranded version of DAI, the most battle-tested, decentralized stablecoin in DeFi.

Things to know about USDS