What is USDS?

USDS is a stablecoin associated with the decentralized Sky ecosystem, aimed at maintaining a value close to the U.S. dollar. It serves multiple functions within decentralized finance (DeFi), including peer-to-peer lending and savings, while facilitating the movement of value within the system.

The token can be utilized in various protocol modules; users have the option to convert USDS into sUSDS to earn interest or to lock it in exchange for SKY governance tokens. The ecosystem is designed to expand its utility through "Sky Stars," which are projects that focus on specialized areas such as institutional credit and advanced lending.