Savings USDS token
Overview
Savings USDS (sUSDS) is a token that generates yield and represents a deposit of USDS, the stablecoin from Sky (previously MakerDAO). Its value increases over time according to a savings rate set by Sky, operating essentially as an on-chain savings account. The token aims to offer passive returns to its holders while preserving a stable peg to the US dollar.
Within The Counterparty graph, Savings USDS connects to 5 tracked entities, most strongly to Sky Protocol, Sky Protocol (formerly MakerDAO), Ethereum.
Relations
Top connections in The Counterparty 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 is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 5 other tracked entities, most strongly to Sky Protocol, Sky Protocol (formerly MakerDAO), Ethereum.
What type of entity is Savings USDS?
Savings USDS is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Savings USDS connected to?
In The Counterparty knowledge graph, Savings USDS is linked to 5 other tracked entities, most strongly to Sky Protocol, Sky Protocol (formerly MakerDAO), Ethereum.