sUSDS is the new version of sDAI, offered by Sky which offers a higher yield. sUSDS represents USDS deposited into and earning the Sky Savings Rate.
The Sky Protocol is a decentralised protocol developed around the USDS stablecoin. It is managed by Sky ecosystem governance. The Sky Protocol features Sky tokens (USDS, SKY, DAI, MKR), the Sky Savings Rate, Sky Token Rewards and, soon, Activation Token Rewards and SkyLink.
sUSDS Price Analysis
As of January 15 2025 sUSDS has a marketcap of $1.4B.
This is {{percentagefromath}} from its all time high of $1.061.
In terms of its tokenomics, there's a total supply of 1.3B with 100% currently outstanding.
Keep in mind sUSDS has a fully diluted value of $1.4B which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
