What is USDS ?

🌐 USDS: DAI reimagined for the modern DeFi era

Formerly known as DAI, this iconic stablecoin has evolved into USDS, under the new Sky Protocol. The goal? Preserve the dollar’s stability while unlocking powerful new features: yield, rewards, governance, and full interoperability. 🔄

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🔍 What is USDS?

USDS is an over-collateralized stablecoin pegged 1:1 to the US dollar. Just like DAI, users generate USDS by depositing assets like ETH into vaults. The innovation? Two new native features:

• The Sky Savings Rate (SSR): a yield system that lets users earn passive interest in USDS.
• The Sky Token Rewards (STR): incentives distributed in the SKY token to reward usage and participation.

🔗 Why transition from DAI to USDS?

The transformation offers several key benefits:

• Boost adoption through financial incentives;
• Improve compliance readiness with features like fund freezing if legally required;
• Establish a more institutionally friendly brand;
• Expand to new blockchains like Solana, Arbitrum, and Polygon.

Users can swap DAI for USDS at a 1:1 ratio.

🎯 What can you do with USDS?

USDS is a flexible tool with multiple real-world applications:

• Decentralized saving: earn stable returns via the SSR.
• DeFi participation: farm rewards in the form of SKY tokens.
• Trading and payments: move dollar value without banks.
• Treasury management: store stable liquidity across protocols.

USDS acts as a powerful financial infrastructure for both individuals and crypto-native businesses.

🛡️ Proven security foundation

USDS keeps the over-collateralization model from DAI, ensuring more value is locked than tokens issued.

In times of market downturns, the system liquidates vaults to maintain balance. Contracts are audited, monitored, and updated with advanced safeguards. It’s a proven structure, now enhanced for scalability.

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🌍 Ready for multichain finance

USDS already runs on Ethereum and Solana, and is expanding to Arbitrum, Optimism, Avalanche, and Polygon.

This ensures:

• Lower fees,
• Fast cross-chain transfers,
• Full participation in diverse DeFi ecosystems.

USDS aims to become the universal dollar of DeFi—stable, compliant, and chain-agnostic.

🧠 Why Coinstancy supports it

At Coinstancy, USDS fits perfectly into our offerings:

• It generates stable yield through SSR;
• It’s multichain-native, ideal for our infrastructure;
• It rewards active users via STR;
• It’s built on a transparent, tested model.

To us, USDS represents the next generation of smart stablecoins, made for modern crypto investing.