01 /
Brief
Sky's savings token. Deposit USDS, receive sUSDS, earn the Sky Savings Rate automatically. The token appreciates over time rather than rebasing. Yield comes from protocol revenue, crypto-collateralized loans, and treasury bill allocations. Always instantly redeemable for USDS.
02 /
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries
- Token standards
- erc-20, eip-4626
- Jurisdiction
- Global
- Analytics
- defillama.com/protocol/sky
03 /
Milestones
How this player got here.
- 2026sUSDS supply scaled with the DAI-to-USDS migration as primary Sky Savings Rate vehicle
- Jan 2025Crossed $2B TVL
- Sep 2024Launched alongside USDS rebrand
04 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
