Market Data
About USDS
USDS is the native decentralized stablecoin of the Sky ecosystem, serving as the upgraded successor to DAI. It is designed to maintain a soft peg to the U.S. Dollar through a reserve-backed model and collateralized debt positions. Users can mint USDS via Sky Vaults by depositing assets such as ETH, USDC, or tokenized real-world assets (RWAs). Within the ecosystem, USDS functions as a versatile tool for decentralized finance (DeFi), allowing for peer-to-peer lending and saving. It can be converted into sUSDS to earn protocol-generated rewards or used to acquire SKY governance tokens. The protocol aims to scale utility through 'Sky Stars'—semi-autonomous projects focusing on specialized areas like institutional credit and advanced lending.
Recent USDS news
See all →No recent USDS stories from tracked publishers in the last 30 days. Follow the hub for new coverage as it lands.
More Arbitrum Ecosystem assets
See all →
RAIN is the native utility and governance token for the Rain Protocol, a decentralized options and prediction market pla…
Oracle infrastructure
ETH based delta-neutral stablecoin
PayPal USD (PYUSD) is a US dollar-denominated stablecoin designed to bridge traditional finance with blockchain technolo…
Decentralized trading protocol
Ondo US Dollar Yield (USDY) is a tokenized note secured by short-term US Treasuries and bank demand deposits. It is a se…
USDD is a decentralized stablecoin pegged 1:1 to the US dollar, managed by the TRON DAO Reserve. It is designed to offer…
Decentralized lending-borrowing protocol