Earn a savings rate on dollars

Deposit USDS into the Sky Savings Rate and receive sUSDS, which grows at a rate Sky governance sets.

  • 5 minutes
  • 4 steps
  • Gas only; the rate changes
  • medium

Chapter 1 · The wall

The wall you hit

The old way

Stablecoins hold their value. They can also earn a savings rate.

Chapter 2 · The power

What changes now

What web3 changes

Deposit USDS into the Sky Savings Rate and receive sUSDS, which grows at a rate Sky governance sets.

WithSky

Chapter 3 · Do it

Do it yourself

  1. Hold a little USDS, or swap USDC to USDS in the Sky app.
  2. Open Savings and deposit a small test amount.
  3. Check the live rate on the page, not in a screenshot.
  4. Withdraw a little once to prove you can.
  • 5 min
  • Gas only; the rate changes
  • medium

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Chapter 4 · Prove it

Prove it worked

How you know it worked

You hold sUSDS and have withdrawn once.

only when it is true, it is your sky

Chapter 5 · Next star

Your next star

Chapter 6 · Build

Build what is missing

Build opportunity

A savings circle page that shows each member's share of a pot earning the rate.

Who could build it Rotating savings groups.

Questions

How long does it take to earn a savings rate on dollars?

About 5 minutes, in 4 steps. The first step is: Hold a little USDS, or swap USDC to USDS in the Sky app.

What does it cost?

Gas only; the rate changes. Start with the free parts, and never put in more than you can afford to lose.

Do I need to be technical?

It is rated medium. Deposit USDS into the Sky Savings Rate and receive sUSDS, which grows at a rate Sky governance sets.

How do I know it worked?

You hold sUSDS and have withdrawn once.

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