Savings USDS token
Overview
Savings USDS (sUSDS) is a yield-bearing token representing a deposit of USDS, the stablecoin issued by Sky (formerly MakerDAO). It accrues value over time through a Sky-determined savings rate, effectively functioning as an on-chain savings account. sUSDS is designed to provide passive yield to holders while maintaining a stable USD peg.
Within the DeFi Intel graph, Savings USDS connects to 5 tracked entities, most strongly to Sky Protocol, Sky Protocol (formerly MakerDAO), Ethereum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issues | Sky Protocol | 95% |
issued_by | Sky Protocol (formerly MakerDAO) | 95% |
deployed_on | Ethereum | 90% |
backed_by | USDS | 90% |
integrates | USDS | 90% |
Frequently asked questions
What is Savings USDS?
Savings USDS (sUSDS) is a yield-bearing token representing a deposit of USDS, the stablecoin issued by Sky (formerly MakerDAO). It accrues value over time through a Sky-determined savings rate, functioning as an on-chain savings account.
What backs Savings USDS?
Savings USDS is backed by USDS, the stablecoin issued by Sky Protocol (formerly MakerDAO).
What chain is Savings USDS deployed on?
Savings USDS is deployed on the Ethereum blockchain.