USDS

USDS serves as the enhanced stablecoin within the Sky Ecosystem. Users have the option to upgrade Dai to USDS or swap USDC for it at a 1:1 rate via Sky.money and other interfaces, with the ability to revert USDS back to Dai. This upgrade process is not mandatory.

Upon its launch, USDS will provide access to SKY Token Rewards. These incentives are integrated directly into the Sky Protocol, allowing users to earn rewards simply by holding USDS within the system without needing to interact with external platforms that may carry uncertain risks. The protocol plans to distribute 600 million SKY annually among eligible USDS holders.

Alternatively, USDS holders can opt for the standard Savings Rate, a feature that has securely managed billions of dollars over several years. Access to both the Sky Token Rewards and the Savings Rate is blocked in certain jurisdictions, such as the US and UK, as well as for users connecting via VPN.