Profile
stUSDS profile facts
Staked USDS (stUSDS) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDS-denominated NAV.
Variant relationship
Staked USDS (stUSDS) is modeled as a risk absorption variant of Sky Dollar (USDS). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- USDS supplied to Sky's stUSDS risk-capital module, where deposits fund SKY-backed borrowing and earn the stUSDS Rate; holders absorb staked-SKY loan shortfall and governance slashing risk
- Peg mechanism
- ERC-4626 NAV shares over USDS; users deposit USDS to mint stUSDS and withdraw USDS subject to unutilized module liquidity, while bad debt or governance slashing can reduce redeemable value
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
stUSDS quick answers
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What is Staked USDS (stUSDS)?
stUSDS is Sky's risk-capital staking module over USDS funding SKY-backed borrowing; holders earn the stUSDS Rate and absorb shortfall and governance slashing. The static profile records its USDS-denominated NAV accounting mechanism as: ERC-4626 NAV shares over USDS; users deposit USDS to mint stUSDS and withdraw USDS subject to unutilized module liquidity, while bad debt or governance slashing can reduce redeemable value.
Is stUSDS safe?
As of Oct 24, 2026, Pharos grades stUSDS B- (65/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs stUSDS?
Pharos records stUSDS's reserves as of Oct 1, 2026 as 100% Staked USDS idle underlying and under 0.1% Sky staked-vault deployed strategy positions. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can stUSDS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem stUSDS?
Under the route Pharos reviewed on May 12, 2026, any holder can redeem stUSDS for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
