USDS
USDS #12Project Safety Score: 90%
Updated 0 minutes agoUSDS 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.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Peg stability score 90 out of 100. The asset maintains a solid peg, currently priced at $0.9997, which is very close to its intended value of $1. The minimal deviation indicates effective mechanisms to uphold its stability. With a market capitalization of approximately $11.45 billion, it solidifies its standing in the market, contributing positively to its perceived reliability as a stablecoin.
Social presence score 80 out of 100. The project is supported by a verified Twitter account. However, specific follower data is not available. This verification adds an element of credibility to the asset, even though the audience engagement metrics are limited. A strong social presence can be advantageous for community support and information dissemination.
While this project has a high safety score of 89.92, inherent risks in the crypto market remain. Factors including regulatory changes, technological challenges, and market volatility can impact asset stability and investor confidence, making it crucial for participants to stay informed and exercise caution.
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Audit report available on Cyberscope's website.
- ✓Over-collateralized stablecoin
- ✓Integration with multiple blockchains
- ✓Built-in savings mechanism via Sky Savings Rate (SSR)
- ✓Supports decentralized finance activities
- ✓Inherits security features from MakerDAO
- ✗Team anonymity
- ✗Lack of independent CPA/auditor attestations
- ✗Governance-activatable freeze function
- ✗Concentrated voting power
- ✗Limited transparency in collateral composition
Price Chart - USDS
Contract Security
0xdc035d45d973e3ec169d2276ddab16f1e407384fOn-Chain Facts
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0xa3931d71877c0e7a3…73.19% -
0x173e314c7635b4532…9.85% -
0x99cd4ec3f88a45940…2.45% -
0xc02ab1a5eaa8d1b11…1.77% -
0x7f311a4d48377030b…1.73% -
0x467194771dae2967a…1.18% -
0x1196f688c585d3e5c…1.18% -
0xa10c7ce4b87699885…1.18% -
0xa632d59b9b804a956…0.75% -
0x1e1d42781fc170ef9…0.60%
USDS Exchanges
Top 20 by trust scoreView on Chain
Technical Analysis
Buy / Sell signals
Market Stats
Recent News
Stablecoin Yield Protocol Osero Secures $13.5M to Integrate Sky Ecosystem’s USDS
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The capitalization of Sky's stablecoin USDS has surpassed
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