USDS is the native stablecoin of the decentralized Sky Protocol—an upgrade of DAI at a 1:1 rate—designed for non-custodial saving, rewards, and seamless L2 access. USDS powers core features such as the Sky Savings Rate (SSR) and Sky Token Rewards (STRs), while keeping users in full control via the Sky.money app and SkyLink connectivity to supported Layer-2 networks.

USDS sits alongside $SKY (the upgraded MKR, 1:24,000), which governs the protocol through onchain voting guided by the Sky Atlas. Together, USDS and SKY form the monetary base and coordination layer of the Sky ecosystem.

USDS is a crypto-collateralized stablecoin optimized for saving and ecosystem participation:

• Sky Savings Rate (SSR): Supply USDS to earn a variable onchain rate set by decentralized governance; withdraw anytime, no minimums.
• Sky Token Rewards (STRs): Use USDS to support Sky ecosystem projects and earn variable rewards; funds remain non-custodial and redeemable at will.
• SkyLink (L2 access): Bridge to supported L2s (e.g., Base, Arbitrum, Optimism, Unichain) for lower fees and faster confirmations while retaining Ethereum-based settlement.
• Trade & Mobility: Swap popular tokens for USDS and $SKY through smart-contract rails (powered by CoW Swap) without relying on centralized intermediaries.

Key elements of the USDS ecosystem include:

• Sky.money: The non-custodial gateway for saving with SSR, earning STRs, staking $SKY, and trading USDS/$SKY.
• Sky Stars: Independent, decentralized projects (e.g., Spark) aligned with Sky’s framework; users may earn project tokens as Sky Token Rewards by allocating USDS.
• Onchain Governance (Sky Atlas): $SKY holders set parameters like SSR and reward programs via transparent, decentralized voting.

🟢 Direct DAI → USDS Upgrade (1:1): A seamless path from a proven stablecoin design to a more accessible, UX-focused, and scalable system.
🔓 Non-Custodial by Default: Interact through Sky.money while maintaining full control of funds (deposit/withdraw anytime; no minimums).
⚙️ Programmatic Yield & Rewards: SSR for passive USDS saving plus STRs that back ecosystem growth—both variable and governed onchain.
🚀 L2-First via SkyLink: Efficient access from major Layer-2s reduces costs and improves speed without leaving the Sky economy.
🧭 Governed by the Sky Atlas: A living, transparent ruleset coordinating parameters and upgrades across the ecosystem.

USDS is the transaction, saving, and rewards currency of Sky:

• Savings Utility: Supply USDS to the SSR to accumulate additional USDS over time.
• Ecosystem Rewards: Allocate USDS to STRs to support projects and earn variable token rewards.
• Payments & Trading: Use USDS as a stable unit of account across Sky apps and to trade in/out of the $SKY governance asset.
• Cross-Chain Access: Bridge USDS via SkyLink to supported L2s while preserving Ethereum settlement assurances.

USDS was introduced as the upgrade of DAI (1:1) to modernize access, UX, and scalability for decentralized saving and ecosystem incentives. Alongside the $SKY governance upgrade (from MKR), USDS anchors the Sky economy while Sky.money, SkyLink, and Sky Stars expand reach through non-custodial interfaces, L2 connectivity, and project-level innovation. Governance is coordinated through the Sky Atlas, which evolves via proposals and onchain voting.

You can buy and sell $USDS on the Coinmetro exchange. Create an account, deposit funds, and trade USDS alongside 80+ other assets quickly and securely.