Post
Topic
Board Altcoin Discussion
Re: What do you think about USDS stablecoin?
by
hugeblack
on 24/01/2025, 04:36:14 UTC
USDS which is a stablecoin is quite different from others. From doing some research on it I discovered that USDS holders can earn rewards through Sky Token Rewards, where supplying USDS to the Sky Token Rewards module grants SKY governance tokens over time.

You can check it out here https://sky.money/. This can be a great way to hold your profits when the bear market comes as you continue to make profits while holding the stablecoin.
Or it could be a terrible way to lose money if USDS drops below $1, in fact the consequences would be catastrophic for SKY governance tokens which would be sold off in an attempt to reclaim the $1 peg. In other words, after what happened with LUNA it is hard to trust any new stablecoin pair.