Sky Savings USDS (sUSDS) stablecoin analytics
sUSDS is the yield-bearing wrapper of Sky's USDS; the exchange rate compounds with the Sky Savings Rate, with USDS-tier CDP risk underneath.
Static Profile
Static stablecoin profile
Sky Savings USDS (sUSDS) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Variant Relationship
Sky Savings USDS (sUSDS) is modeled as a savings 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.
AI summary / Updated Jun 12, 2026
sUSDS is the plain savings receipt in the Sky stack: deposit USDS, receive an ERC-4626-style token whose exchange rate compounds with the Sky Savings Rate. That simplicity is the point, especially next to stUSDS, which pushes holders into risk-capital exposure and borrower...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- USDS deposited into Sky's ERC-4626 savings vault; the wrapper remains fully backed by USDS while the exchange rate compounds with the Sky Savings Rate
- Peg Mechanism
- Deposit USDS to mint sUSDS and withdraw USDS directly from the vault with no protocol fee; sUSDS and sDAI are both savings wrappers but are not exchangeable 1:1 because they have accrued different amounts of yield
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is sUSDS safe?
Pharos does not mark sUSDS as absolutely safe. Static metadata says Sky Savings USDS uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety susds-sky
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
sUSDS quick answers
What is Sky Savings USDS (sUSDS)?
sUSDS is the yield-bearing wrapper of Sky's USDS; the exchange rate compounds with the Sky Savings Rate, with USDS-tier CDP risk underneath. The static profile records its US Dollar peg mechanism as: Deposit USDS to mint sUSDS and withdraw USDS directly from the vault with no protocol fee; sUSDS and sDAI are both savings wrappers but are not exchangeable 1:1 because they have accrued different amounts of yield
Is sUSDS safe?
Pharos does not mark sUSDS as absolutely safe. Static metadata says Sky Savings USDS uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs sUSDS?
Pharos classifies sUSDS backing as Crypto-Collateralized. Collateral, per the static profile: USDS deposited into Sky's ERC-4626 savings vault; the wrapper remains fully backed by USDS while the exchange rate compounds with the Sky Savings Rate Reserve evidence: live reserve feed configured.
Can sUSDS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for sUSDS, when applicable, appear in the dossier below.