The Sky Ecosystem is a decentralized financial platform centered on USDS and SKY tokens, offering users access to financial tools without relying on third parties.
How Sky Works?
Sky Protocol offers a variety of financial services, including token swaps, interest-earning opportunities, and community rewards. As the system runs on decentralized pools and an independently managed stablecoin, no central authority controls how your funds are managed or how decisions are made.
Sky Savings Rate (SSR)
The Sky Savings Rate allows users to grow their USDS balance automatically. By depositing USDS into the SSR module, users receive sUSDS tokens that reflect their deposit and any appreciated value over time. Funds can be withdrawn at any time, and the exchange process is handled by smart contracts with no fees.
Sky Token Rewards (STRs)
There is also a rewards system for users holding USDS. By participating in the Sky Token Rewards module, users can earn SKY tokens over time. All assets and rewards are kept in smart contracts, ensuring users retain control over their funds.
Sky Protocol builds on the foundation of MakerDAO, providing users with greater control and options in a decentralized environment focused on USDS and SKY tokens.
