stUSDS (Staked USDS)

stUSDS, the first Expert token of the Sky Protocol, is a risk capital token that funds and supports liquidity for SKY stakers and structured to absorb a greater share of system risk in exchange for the potential to capture a larger portion of protocol rewards. When you supply USDS to the stUSDS module of the Protocol, you fund SKY (governance token)-backed borrowing to receive stUSDS tokens and access the stUSDS Rate. stUSDS funds and supports liquidity for SKY stakers, encouraging more participation in SKY governance, leading to a more secure ecosystem.

Deployments

stUSDS Token and Vault @ Ethereum

• Codebase
• Deployment Addresses
• Details
  • Contract contains an ERC20 compatible interface to allow users to view and transfer their stUSDS balances, along with Permit functionality for gas-less transfers.
  • Contract contains an ERC4626 compatible interface to allow users to deposit USDS to receive stUSDS or withdraw USDS with their stUSDS balance.
  • Both the entry functions deposit() and mint() have an additional variant each- one is the standard 4626 function, and the other has an additional input field referral (uint16) which can be ignored.