$0.9978
-$0.0030(-0.30%)
Market Cap
$616.11K
24h High
$1.0040
24h Low
$0.9978
24h Turnover
$54.12K
Total Supply
661.15K
Market Sentiment
Neutral
Sperax USD (USDS) Price Performance
Sperax USD (USDS) is priced at $0.9978 today, with a market dominance of 0.000023%. Its price has changed by -0.30% over the past 24 hours, +0.01% over the past 7 days, +0.02% over the past 30 days, and +0.10% over the past year.
About Sperax USD (USDS)
USDs is a stablecoin which generates auto-yield natively. Currently, USDs is live on Arbitrum, the largest Layer-2 Ecosystem of Ethereum. The highlights of this protocol:Auto-yield - Users holding USDs in their wallets automatically earn organic yield. No staking is required by the end user. Users do not need to spend gas calling the smart contract to claim their yield.Layer-2 native — Cheaper transaction fees on Arbitrum make this protocol retail investor-friendlyFully Backed Model - USDs is 100% backed by a diversified basket of whitelisted crypto assets (stablecoins).To mint new USDs, minters only need eligible collateral. No fee required for minting USDs. Currently the protocol is accepting USDC, DAI, FRAX and VST as collateral and more tokens might be added to this list in future. However, USDs tokens are fungible and redeemable in the same way, independent of their underlying minting collateral. It acts as an IOU on the pooled collateral. The protocol will mint 1 USDs by collecting 1 USD worth of collateral.
Sperax USD (USDS) Basics & Market Insights
Fundamentals
What Is USDS? The Upgrade Logic and Core Features of Sky Protocol’s StablecoinBeginner
Sky Protocol Overview: In-Depth Analysis of the Core Mechanisms Behind Stablecoins Dai and USDSBeginner
Sky Agent Network Expansion Plan: Governance Proposal Allocates About $70 Million USDS to Support New Agent LaunchesBeginner
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