Sky Announces First Native Deployment of USDS, sUSDS on Avalanche paper

news_article · PageRank 0.0060

Overview

Sky, the DeFi protocol formerly known as MakerDAO, deployed its USDS stablecoin and the yield-bearing sUSDS natively on Avalanche, its first native deployment of those assets on that chain. The rollout uses Skylink, Sky's cross-chain protocol built on LayerZero infrastructure, which mints and burns tokens rather than relying on third-party bridge liquidity. The Avalanche route went live on 13 April 2026 with a daily transfer cap of 5 million in either direction set by Sky governance, scheduled to rise to full capacity on 27 April, with native USDS-to-sUSDS conversion on Avalanche expected later in Q2 2026. Grove Finance was the first entity to bridge the assets from Ethereum mainnet to Avalanche.

Within the DeFi Intel graph, Sky Announces First Native Deployment of USDS, sUSDS on Avalanche connects to 8 tracked entities, most strongly to Ethereum, Avalanche, Dai.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).

Frequently asked questions

What is Sky Announces First Native Deployment of USDS, sUSDS on Avalanche?

Sky Announces First Native Deployment of USDS, sUSDS on Avalanche is a news_article tracked in the DeFi Intel knowledge graph. It is connected to 8 other tracked entities, most strongly to Ethereum, Avalanche, Dai.

What type of entity is Sky Announces First Native Deployment of USDS, sUSDS on Avalanche?

Sky Announces First Native Deployment of USDS, sUSDS on Avalanche is classified as a news_article (paper) in the DeFi Intel knowledge graph.

What is Sky Announces First Native Deployment of USDS, sUSDS on Avalanche connected to?

In the DeFi Intel knowledge graph, Sky Announces First Native Deployment of USDS, sUSDS on Avalanche is linked to 8 other tracked entities, most strongly to Ethereum, Avalanche, Dai.