TagsDecentralized IssuerFiat-backed StablecoinU.S. Dollar Stablecoin
Sky Dollar in numbers
Sky Dollar (USDS) ranks #7831 by market capitalization, at $10.16B. It belongs to the Stablecoins sector (Decentralized Issuer). It has traded since Sep 21, 2024, with $195.04M of volume in the last 24 hours. Its all-time high of $4.99 was reached on Oct 12, 2024; the current price is 80.0% below that peak. Its cycle low of $0.9457 came on Oct 29, 2024.
8.79B USDS are in circulation. On Base, 40,851 addresses hold USDS. It is available on 4 networks.
About Sky Dollar
USDS, formerly DAI, is the stablecoin of the decentralized Sky Protocol, designed to maintain a soft peg to the U.S. dollar. It allows users to participate in Sky's ecosystem, such as earning rewards through the Sky Savings Rate, without giving up control of their funds. USDS is an upgraded version of DAI, backed by surplus collateral, and powers the permissionless, non-custodial Sky Protocol, enabling users to trade, save, and earn rewards.
SKY is the native governance token of the Sky ecosystem, replacing Maker's MKR token at a conversion rate of 1:24,000. It is used for governance, rewards accumulation, and trading within the Sky Protocol. Users can trade SKY for USDS and soon use it to earn Activation Token Rewards while participating in decentralized on-chain governance.
Ethereum17.4K