Sky Savings Rate (sUSDS)

Deposit USDS, the successor to DAI, and earn the Sky Savings Rate, paid from Sky's loans, reserves and tokenized credit.

Run by

Sky ecosystem (formerly MakerDAO)

Route

Open protocol

Size

≈ $4.5B in sUSDS (Oct 30, 2026)

Launched

Sep 2024

License

None. SKY token holders govern it; the sky.money site is run by Skybase International under its own terms (Sep 1, 2026).

Backing

By asset: stablecoins about 49%, onchain lending about 21%, Treasury bills and other offchain credit about 29% (Yearn review, Sep 9, 2026).

Reports

S&P rates Sky B minus with a stable outlook (Oct 1, 2026). About 71% of backing is visible onchain; about 29% sits offchain with allocators (Yearn review, Sep 2026).

Networks

Ethereum mainly, with sUSDS also on Base, Arbitrum and others.

Access

Open to any wallet onchain. The sky.money site does not offer the savings rate to US residents, and blocks sanctioned places.

Yield

About 3.8% Sky Savings Rate (Oct 30, 2026), set by governance and paid from Sky’s income on loans, T-bill funds and credit.

Rules

USDS has no permitted US issuer under the GENIUS Act, and a DAO sets the savings rate, not a licensed firm. How US law treats it is untested.

More ways to earn and borrow

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Public information as of September 2026, simplified. Not legal or investment advice. Open the full earn and borrow world.