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Sperax USD USDS
USDS
1.001
$
0.31 %
Change 24h
Market Cap
$ 1,138,474
Volume 24h
$ 190,555
Circulating Supply
1,136,228
Total Supply
2,486,735
USDS
$
Description
USDs is a hybrid of crypto-collateralized and algorithmic stablecoins. It is highly scalable, trustless, and will be completely decentralized after the launch of the governance protocols.
- SPA will be central to the stability mechanism of USDs, which is fully on-chain.
- USDs will further invest its collateral in other audited decentralised projects like Curve to generate yields and will pass on that yield to holders of USDs.
- USDs holders (HODLers) would directly earn the yield in their wallets. USDs acts as a low cost efficient and relatively less risky was to benefit from DeFi.
USDs will be launched on Arbitrum and we eventually build a system of interoperability to facilitate USDs on other major blockchains.