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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