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| 1 | +--- |
| 2 | +id: sky-savings-usds |
| 3 | +title: Sky Savings USDS |
| 4 | +title_meta: Sky Savings USDS, Staking |
| 5 | +description: Earn USDS/USDC by Sky Savings USDS. |
| 6 | +keywords: [stablecoin savings,Staking, Earn, DeFi Premium, USDS] |
| 7 | +tags: |
| 8 | + - Staking |
| 9 | + - Savings |
| 10 | + - DeFi Premium |
| 11 | + - Stablecoin |
| 12 | + - USDS |
| 13 | + - Earn |
| 14 | +--- |
| 15 | + |
| 16 | + |
| 17 | + |
| 18 | +## Position Information & FAQs |
| 19 | + |
| 20 | +### What is Sky Saving Rate, and how does it work? |
| 21 | + |
| 22 | +The Sky Savings Rate (SSR) is an automated token-accumulation mechanism of the decentralised Sky Protocol that takes into account the effect of accumulated USDS compounded in real time. In other words, the USDS you supply to the Sky Savings Rate module enables you to receive sUSDS. The SSR is variable, determined not by market factors but by Sky ecosystem governance through a process of decentralised onchain voting. |
| 23 | + |
| 24 | +When you supply USDS to the Sky Savings Rate module, you access the SSR and may receive sUSDS tokens in return. These sUSDS tokens serve as a digital record of your USDS interaction with the SSR module and any value accrued to your position. |
| 25 | + |
| 26 | +The decentralised Sky Protocol dynamically adds USDS tokens to the pool every few seconds, in accordance with the Sky Savings Rate. As those tokens auto-accumulate in the pool over time, the value of the sUSDS you hold may gradually increase. |
| 27 | + |
| 28 | +So, when you choose to redeem your sUSDS for USDS—which you can do anytime—the total USDS you will receive will equal the amount you originally supplied, plus any additional USDS accumulated. With the Sky Protocol, you're always in full control of your supplied funds, as this feature is non-custodial. |
| 29 | + |
| 30 | +### Does it cost anything to access the Sky Savings Rate? |
| 31 | + |
| 32 | +Accessing the Sky Savings Rate via the Sky Protocol is free. However, any time you supply or withdraw assets to/from the Sky Savings Rate module, you will incur a transaction fee— called a gas fee—for using the Ethereum blockchain network. That fee is not controlled, imposed or received by Sky.money or the Sky Protocol. |
| 33 | + |
| 34 | +### What is USDS? |
| 35 | + |
| 36 | +USDS is the stablecoin of the decentralised Sky Protocol. It can be used in several ways, including to participate in the Sky Savings Rate and get Sky Token Rewards without giving up control. It is the upgraded version of DAI. |
| 37 | + |
| 38 | +### What is sUSDS? |
| 39 | + |
| 40 | +sUSDS is a savings token for eligible users. When you supply USDS to the Sky Savings Rate module, you access the Sky Savings Rate and may receive sUSDS tokens in return. These sUSDS tokens serve as a digital record of your USDS interaction with the SSR module and any value accrued to your position. |
| 41 | + |
| 42 | +The decentralised Sky Protocol dynamically adds USDS tokens to the pool every few seconds, in accordance with the Sky Savings Rate. As those tokens auto-accumulate in the pool over time, the value of the sUSDS you hold may gradually increase. |
| 43 | + |
| 44 | +So, when you choose to redeem your sUSDS for USDS—which you can do anytime—the total USDS you will receive will equal the amount you originally supplied, plus any rewards accumulated. With the Sky Protocol, you can savings without giving up control of your supplied funds. |
| 45 | + |
| 46 | +### What should I do after depositing? |
| 47 | + |
| 48 | +Nothing! The system automates liquidity management. Just monitor the market and plan your exit strategy if needed. |
| 49 | + |
| 50 | +### Can I withdraw anytime? |
| 51 | + |
| 52 | +Yes, you can withdraw your fund anytime without restrictions. |
| 53 | + |
| 54 | +### What is Sky Saving Contract? |
| 55 | + |
| 56 | +0xa3931d71877C0E7a3148CB7Eb4463524FEc27fbD |
| 57 | + |
| 58 | + |
| 59 | +<details > |
| 60 | +<summary> |
| 61 | +## Disclaimer & Risk Notice |
| 62 | +</summary> |
| 63 | +Helixbox solely provides a user interface and does not control any contracts, assets, or protocol functions from 3rd DeFi Protocols. This premium DeFi product’s smart contract operations and asset management are exclusively governed by Sky Protocol, and the risks associated with its use are inherent. |
| 64 | + |
| 65 | +### User Interface Risks |
| 66 | +User interface risks refer to the potential for users to misunderstand or misuse the Helixbox interface, leading to unintended actions or transactions. Helixbox is complex, involving multiple interconnected components and possible interactions. There is a risk that users may: |
| 67 | +- Misinterpret information displayed on the App. |
| 68 | +- Click incorrect buttons, resulting in unintended transactions. |
| 69 | +- Fail to understand the full implications of their actions, which may lead to financial losses. |
| 70 | + |
| 71 | +Helixbox is not an investment advisor. The information provided is for educational purposes only and should not be considered financial advice. Before making any investment decisions, please conduct your own research and consult a professional financial advisor. |
| 72 | + |
| 73 | +By participating, you acknowledge that this investment carries inherent risks and involves engagement with Sky Saving Rate and the Sky Protocol. For a detailed breakdown of potential risks, please review: |
| 74 | +- 🔗 Skybase International User Risk |
| 75 | + |
| 76 | +</details> |
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