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USDS & sUSDS

USDS is a decentralized, overcollateralized stablecoin issued by the Sky Protocol.

sUSDS is a yield-bearing stablecoin representing a deposit of USDS into the Sky Protocol’s Sky Savings Rate (SSR) module, which earns passive income.

The Sky Savings Rate is an automated token-accumulation mechanism of the decentralised Sky protocol that takes into account the effect of accumulated USDS compounded in real time.

The Sky Savings Rate is variable, determined not by market factors but by Sky ecosystem governance through a process of decentralised onchain voting.

How is USDS deployed in the Solana ecosystem?

Section titled “How is USDS deployed in the Solana ecosystem?”

USDS is deployed on Solana via the SkyLink token bridge (specifically the Ethereum–Solana component), which enables canonical bridging of USDS, sUSDS, and other Sky ecosystem tokens.

USDS is integrated or supported by the following projects and protocols in the Solana ecosystem:

CategoryProtocols
Trading / SwapJupiter, Raydium, Orca, Meteora
Liquidity ProvisionRaydium, Perena, Orca, Meteora, Kamino Vaults
Earn / LendingKamino, MarginFi, Save, Drift, Lulo, Jupiter Lend
Treasury ManagementSquads
WalletsPhantom, Solflare, Backpack, Fuse, Metamask
Cross-chain BridgesStargate, Debridge, LayerZero

USDS can be acquired directly through trading or swapping on venues such as Jupiter, Orca, and Raydium.

USDS can also be minted on Ethereum via Sky.money and bridged to Solana 1:1 using the SkyLink canonical bridge at Stargate.Finance.

For a step-by-step walkthrough, see Bridging USDS to Solana via SkyLink.