USDS Stablecoin

USDS

USDS (fka DAI) is the decentralized, overcollateralized stablecoin of Sky (fka Maker).

Risk Rating
Average
What is USDS Stablecoin?

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Information
Blockchain
  • Ethereum
Info
  • Asset Type: ERC-20
Key Metrics
Risk Assessment
Average
Asset Strength

USDS is a mid-cap, fully collateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Sky (fka Maker), a protocol rated as Good.

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

Dependencies
Asset Tokenomics

USDS does not have a supply schedule. USDS is potentially exposed to death spiral risk as its price depends on another asset; however, there are mechanisms in place to prevent reflexivity.

Things to know about USDS

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USDS Pools
Sky USD Fee Sharing
5.8%
Yield
$2B
TVL
Risk
C
Protocol
Maker
Chain
Ethereum
Sky USD Yield
5.8%
Yield
$2B
TVL
Risk
C
Protocol
Maker
Chain
Ethereum

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