Stablecoin record
Savings USDS
Sky Protocol's active ERC-4626 savings wrapper for USDS, providing a transferable share whose USDS conversion value reflects the Sky Savings Rate.
LifecycleActive
Events1
Sources3
| Symbol | sUSDS |
|---|---|
| Asset class | Yield Bearing Stable Receipt |
| Reference target | Fiat |
| Redemption / exit model | Protocol Based |
| Valuation source | Public information is incomplete |
| Yield / rebase profile | None recorded |
| Classification notes | Active ERC-4626 savings wrapper over USDS. |
| Lifecycle status | Active |
| Issuance status | Protocol Based |
| Peg reference | Fiat · USD |
| Backing types | Stablecoin Collateral |
| Stabilization | Protocol Arbitrage |
| Governance | DAO Governed |
| Primary organization | MakerDAO / Sky |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-15 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| MakerDAO / Sky | Protocol Operator | — | — | Active |
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MakerDAO / Sky
Protocol Ecosystem · Unknown
Event history
1 event connected to this stablecoin.
| Disclosure status | Underlying Usds Protocol Transparency |
|---|---|
| Backing types | Stablecoin Collateral |
| Summary | sUSDS represents ERC-4626 vault shares backed by deposited USDS and depends on the broader Sky Protocol collateral and accounting system. |
| As of | 2026-06-15 |
| Profile confidence | High |
| Current status | Protocol Based |
|---|---|
| Settlement asset | USDS |
| Eligible parties | Users of the sUSDS ERC-4626 vault, subject to supported interfaces and access restrictions. |
| Retail access | Public Protocol Based |
| Institutional access | Public Protocol Based |
| Minimum amount | Protocol and transaction dependent. |
| Fee | The documented vault route assesses no protocol fee; network costs apply. |
| Settlement time | Onchain transaction dependent. |
| Regional limits | Sky front-end screening and regional restrictions may apply. |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| — | sUSDS becomes the active Sky Savings Rate vault share | Protocol Model Update | Other | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | Sky Protocol | Underlying Protocol Transparency | Stablecoin Collateral | High |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Ethereum | ERC-4626 | Protocol Native Vault Share | Active | Unknown | Unknown | 0 | Not yet verified | Primary Ethereum sUSDS token and vault deployment; exact address normalization is deferred to a contract-map pass. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| sUSDS token and vault | Sky Protocol | Official Documentation | Erc4626, Deposit Usds, Withdraw Usds, Active Deployment, Entity and Vault Mechanics | High |
| sUSDS product page | Sky | Official Website | Active Product, Sky Savings Rate, Current Access, Current Product Status | High |
| USDS and sUSDS protocol route | Sky Protocol | Official Documentation | Usds Deposit, Susds Withdrawal, No Protocol Fee, Subscription and Redemption Route | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Exact Launch Date | Current official documentation establishes the active sUSDS vault but the canonical day-level launch date is not fixed in this batch. | Low | 2026-06-15 |
| Current Sky Savings Rate | The Sky Savings Rate is governance-determined and variable; the live rate is not stored as a static canonical fact. | Medium | 2026-06-15 |