About The upgraded stablecoin of the Sky Ecosystem is USDS.
USDS can be upgraded from Dai or converted from USDC at a 1:1 ratio, on Sky.money and other frontends. USDS can also be converted back to Dai. Upgrading is optional.
USDS will have access to SKY Token Rewards from the moment it launches. These rewards are built into the Sky Protocol, which means that the user doesn’t have to get exposed to external protocols with unknown risk. All eligible users are doing is using USDS you own inside the Sky Protocol itself.
The SKY Token Reward will be distributed at a rate of 600 million SKY per year, across participating USDS holders.
USDS users can also choose to instead get the regular Savings Rate, which has already been successfully used by billions of dollars for several years.
Sky Token Rewards and Savings Rate are restricted in some countries, including the US and UK, and for VPN users.