Post
Topic
Board Altcoin Discussion
Re: What do you think about USDS stablecoin?
by
Ota.collins
on 24/01/2025, 06:23:57 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.
This is not new about stable coins. There are some stablecoins that you can stake or hold and earn reward. But you should be careful of all these coins. Especially during bear market which might make them lose the peg or fall than expected. I may be wrong but be careful of the coins.
This is kinda true, in the bear market most of these stablecoins often face challenges and they fade out. We need to be careful on this then.