Stablecoins don't get as much attention as most cryptocurrencies as many don't see any profit potential in holding stablecoins but some stablecoins have changed this narrative.
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.
I am now curious to know how many stablecoins offer this. Having more than one can help with comparison. Kindly share if you have come across any others, and also what your thoughts are.
Stablecoins usually don’t get much attention because they are seen as “safe,” but USDS is definitely changing the game. It is not just a stablecoin to hold your funds, it is actually a way to grow them. I checked out the link you sent and saw the Sky Savings Rate gives you even better yields than the old Dai Savings Rate.
What really stands out for me is the real-time proof-of-reserves it is refreshing to see that level of transparency and the fact that it is non-custodial is mind blowing. Plus, upgrading DAI to USDS is super easy at a 1:1 ratio through Sky Money, and you can trade it against other tokens like USDC and ETH without hassle. It is also great to see that USDS is listed on major exchanges exchanges like Bitget and Upbit.
Well to answer your question there are a few like LUSD,USDD, sUSD but USDS still standout as the best amongst them
What do you think about the ones i mentioned?