USDS (Sky Dollar) product
Overview
USDS (Sky Dollar) is a decentralized stablecoin issued by the Sky protocol, formerly known as MakerDAO. It is pegged to the US dollar and designed for use within the Sky ecosystem for lending, borrowing, and other DeFi activities. USDS is distinct from DAI, the original stablecoin of MakerDAO.
Within the DeFi Intel graph, USDS (Sky Dollar) connects to 3 tracked entities, most strongly to Sky (formerly MakerDAO), DAI Stablecoin, DAI Stablecoin.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | Sky (formerly MakerDAO) | 95% |
upgradeable_to | DAI Stablecoin | 95% |
replaces | DAI Stablecoin | 95% |
Frequently asked questions
What is USDS (Sky Dollar)?
USDS (Sky Dollar) is a decentralized stablecoin issued by the Sky protocol, formerly known as MakerDAO. It is pegged to the US dollar and used for lending, borrowing, and other DeFi activities within the Sky ecosystem.
How does USDS relate to DAI?
USDS is distinct from DAI, the original stablecoin of MakerDAO, but it is upgradeable to DAI Stablecoin.
Who issues USDS?
USDS is issued by the Sky protocol, which was formerly known as MakerDAO.