Sky Lending

The USDS stablecoin powers the open Sky ecosystem. It is the upgraded version of DAI, providing new ways for you to have more rewarding crypto experiences.

## Overview Sky Lending is a decentralized finance (DeFi) protocol built on Ethereum that serves as the infrastructure for the Sky ecosystem. At its core, the protocol issues USDS, a stablecoin designed as an upgraded successor to DAI. The USDS stablecoin maintains a 1:1 peg to the US dollar while offering users access to decentralized savings mechanisms, borrowing capabilities, and ecosystem participation. Sky Lending represents an evolution in collateralized debt position (CDP) design, where users lock crypto assets as collateral to mint stablecoins and earn rewards through participation in