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PHAROSlive stablecoin signals

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.

AI summary / Updated May 15, 2026

the clean ERC-4626 savings receipt over USDS, with wrapper risk confined to the vault and the underlying Sky reserve mix. sUSDS is the straightforward savings wrapper in the Sky stack. Unlike stUSDS, it does not push holders into a risk-capital module or SKY-backed borrower...

AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 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.
Contracts
4 deployments tracked across Ethereum, Base, Optimism, and Arbitrum.

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 May 15, 2026.