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Record sog_st_susds

sUSDSSavings USDS

Also recorded as sUSDS, Savings USDS, Sky Savings USDS

Active

Lifecycle: Active
Issuance: Protocol-based
Reference target: US dollar
Primary organization: MakerDAO / SkyNo additional recorded relationship
Launch: 2024-09-18
Redemption: Protocol Based
Backing: Wrapper or receipt
Stabilization: Protocol arbitrage
Last review: 2026-06-19
Evidence: 4 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Sky Protocol's active ERC-4626 savings wrapper for USDS, providing a transferable share whose USDS conversion value reflects the Sky Savings Rate.

Name	Savings USDS
Symbol	sUSDS
Aliases	sUSDS, Savings USDS, Sky Savings USDS
Asset class	Yield Bearing Stable Receipt
Lifecycle status	Active
Issuance status	Protocol-based
Canonical record ID	`sog_st_susds`
Route slug	`susds`
Record confidence	High
Last reviewed	2026-06-19

Name: Savings USDS
Symbol: sUSDS
Aliases: sUSDS, Savings USDS, Sky Savings USDS
Asset class: Yield Bearing Stable Receipt
Lifecycle status: Active
Issuance status: Protocol-based
Canonical record ID: sog_st_susds
Route slug: susds
Record confidence: High
Last reviewed: 2026-06-19

Record coverage

Section	Entries
Organizations	1
Sources	4
Reserve reports	1
Reserve components	1
Model-history events	1
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	2

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: DAO Governed
Primary display organization: MakerDAO / Sky
Primary display role: Protocol operator
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
MakerDAO / Sky	Protocol or software system	Protocol or decentralized system	Unknown or not publicly resolved	Protocol operator	Primary display	Not yet recorded	Not yet recorded	Active relationship

Protocol or software system

MakerDAO / Sky

Primary display

Functional role: Protocol operator
Relationship status: Active relationship
Regulatory character: Protocol or decentralized system
Jurisdiction: Unknown or not publicly resolved
From: Not recorded
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: US dollar
Reference kind: Fiat
Comparison category: US dollar
Target value: Not yet recorded
Reference methodology: sUSDS is denominated through its redeemable USDS share value and is not fixed at one USDS per token.
Public backing model: Wrapper or receipt
Canonical backing types: Stablecoin Collateral
Reserve component categories: Stablecoin Collateral
Primary stabilization mechanism: Protocol arbitrage
Recorded model description: Erc4626 Savings Wrapper Over Usds
Redemption / exit model: Protocol Based
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Active ERC-4626 savings wrapper over USDS.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

USDS deposited in the sUSDS ERC-4626 vaultStablecoin Collateral · Current Sky Savings Rate vault backing.

Reserve profile

Disclosure status	Underlying Usds Protocol Transparency
Backing types	Stablecoin Collateral
Summary	sUSDS represents ERC-4626 vault shares backed by deposited USDS and depends on the broader Sky Protocol collateral and accounting system.
As of	2026-06-15
Profile confidence	High

Disclosure status: Underlying Usds Protocol Transparency
Backing types: Stablecoin Collateral
Summary: sUSDS represents ERC-4626 vault shares backed by deposited USDS and depends on the broader Sky Protocol collateral and accounting system.
As of: 2026-06-15
Profile confidence: High

Redemption profile

Current status	Protocol Based
Settlement asset	USDS
Eligible parties	Users of the sUSDS ERC-4626 vault, subject to supported interfaces and access restrictions.
Retail access	Public Protocol Based
Institutional access	Public Protocol Based
Minimum amount	Protocol and transaction dependent.
Fee	The documented vault route assesses no protocol fee; network costs apply.
Settlement time	Onchain transaction dependent.
Regional limits	Sky front-end screening and regional restrictions may apply.

Current status: Protocol Based
Settlement asset: USDS
Eligible parties: Users of the sUSDS ERC-4626 vault, subject to supported interfaces and access restrictions.
Retail access: Public Protocol Based
Institutional access: Public Protocol Based
Minimum amount: Protocol and transaction dependent.
Fee: The documented vault route assesses no protocol fee; network costs apply.
Settlement time: Onchain transaction dependent.
Regional limits: Sky front-end screening and regional restrictions may apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Sky Protocol	Underlying Protocol Transparency	Stablecoin Collateral	High

Sky Protocol

Not yet recorded

Type: Underlying Protocol Transparency
Assets covered: Stablecoin Collateral
Record confidence: High

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Ethereum	Specific network recorded	ERC-4626	Protocol-native or protocol-supported deployment	Protocol Native Vault Share	Active	Active	No separate change state recorded	Native deployment	Canonicality recorded	Source-linked record; identifier not recorded	Identifier not recorded	Identifier not recorded	Not yet recorded	Not yet recorded	0	Primary Ethereum sUSDS token and vault deployment; exact address normalization is deferred to a contract-map pass.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

4 source identities · 4 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
sUSDS page Published Not yet recorded	Sky.money	Official documentation or product page Canonical: Product Page	Subject-controlled source	Primary source	sUSDS, Sky Savings Rate, USDS to sUSDS flow, liquidity, rate governance, and withdrawal context, Active Product, Sky Savings Rate, Current Access, Current Product Status	Archive index or wildcard	High
Sky Protocol token routes Published Not yet recorded	Sky Protocol	Official documentation or product page Canonical: Official Documentation	Subject-controlled source	Primary source	Sdai Exists, Susds Difference, Legacy Route Context, Current Token Relationships, Usds Deposit, Susds Withdrawal, No Protocol Fee, Subscription and Redemption Route	Archive index or wildcard	High
sUSDS token and vault Published Not yet recorded	Sky Protocol	Official documentation or product page Canonical: Official Documentation	Subject-controlled source	Primary source	Erc4626, Deposit Usds, Withdraw Usds, Active Deployment, Entity and Vault Mechanics	Archive index or wildcard	High
Sky Protocol Launch Season: Token and Product Launch Parameter Proposal Published 2024-09-06	Sky Governance	Governance record Canonical: Official Governance Proposal	Governance primary source	Primary source	Launch Date, Product Activation, Sky Savings Rate, Lineage, Susds Product Launch and Activation Date	Archive index or wildcard	High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Exact Launch Date	Current official documentation establishes the active sUSDS vault but the canonical day-level launch date is not fixed in this batch.	Unknown after review	Low	2026-06-15
Current Sky Savings Rate	The Sky Savings Rate is governance-determined and variable; the live rate is not stored as a static canonical fact.	Unknown after review	Medium	2026-06-15

Exact Launch Date

Current official documentation establishes the active sUSDS vault but the canonical day-level launch date is not fixed in this batch.

Value state: Unknown after review
Priority: Low
Last checked: 2026-06-15

Current Sky Savings Rate

The Sky Savings Rate is governance-determined and variable; the live rate is not stored as a static canonical fact.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-15

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

Not yet recordedsUSDS becomes the active Sky Savings Rate vault shareOther

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
—	sUSDS becomes the active Sky Savings Rate vault share	Governance and protocol change	Protocol Model Update	Remained active	Not applicable
2024-09-18	sUSDS activates in the Sky Token and Product Launch	Launch and introduction	Launch	No lifecycle change	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.