About sUSDS
sUSDS is the yield-bearing version of USDS, the upgraded US-dollar stablecoin from Sky (formerly MakerDAO), launched in 2024. Users deposit USDS into the Sky Savings Rate (SSR) module and receive sUSDS in return; the sUSDS-to-USDS exchange rate grows continuously as protocol revenue is distributed, giving holders a passive on-chain savings yield denominated in dollars without needing to manage positions actively.
sUSDS is a non-rebasing token: its balance stays constant while the redemption value in USDS increases according to the SSR. The yield is funded by Sky's protocol revenues, including stability fees on collateralized borrowing and returns on real-world-asset holdings such as US Treasury portfolios. Sky governance, through the SKY token, can adjust the SSR rate up or down based on market conditions and protocol economics.
sUSDS is integrated across major DEXs, lending markets, and yield aggregators and is widely used as a yield-bearing collateral or treasury asset in DAOs and crypto-native businesses. It coexists with the older sDAI savings wrapper and is positioned as the primary on-chain savings primitive within Sky's broader ecosystem of stablecoins, lending, and real-world assets.
Crypto Market Watch tracks the live sUSDS price ranked #24 by market capitalisation, 24-hour and 7-day price changes, market capitalisation, trading volume, circulating supply, and all-time highs and lows on this page. Data refreshes continuously throughout the trading day so investors can monitor SUSDS market activity in real time.