Prix de The Infinite GardenETH

USDS is a stablecoin that is soft pegged to the US dollar. It is decentralized, unbiased, collateral-backed, and is also the key to the Sky lending system. Currently, Sky(old MakerDAO) is one of the largest and most established dApps running on the Ethereum blockchain. The Sky protocol allows anyone with ETH to lend themselves money in the form of USDS stablecoin. USDS is resistant to hyperinflation since it is literally designed to minimize volatility and resist aggressive price fluctuations. Essentially, anyone anywhere can generate the USDS stablecoin against crypto collateral assets. What are Multi-Collateral USDS key features and how does it work? Sky works by users locking up ETH in smart contracts on the Sky network, network participants then have borrow to a percentage of the collateral value. This depends on the Liquidation Ratio of a certain vault. The more ETH locked in the smart contracts, the more USDS is generated. For a user to access their locked ETH, they must pay back the USDS loan along with any fees. The USDS stablecoin system also accepts any ERC-20 asset that has been approved by SKY holders as collateral. Generated USDS is kept stable through the collateral assets that are deposited into Maker Vaults on the Sky Protocol. The value of the collateral deposited must be more than the total value of the USDS issued to the user. There is a benefit to locking up collateral since users can deposit riskier assets and get stablecoin in return, thus, minimizing their overall risk exposure. Some of the most popular collateral to be locked is ETH and USDC. The Sky Protocol uses two tokens in its model. As mentioned, the first is the collateral-backed USDS stablecoin. The second is the SKY token that is used for protocol governance. SKY is utilized by stakeholders to maintain the system and manage the USDS stablecoin. For example, USDS token holders must first vote and approve each ERC-20 token before it can be used as collateral. One USDS token is equal to one vote. SKY itself is an ERC-20 asset running on the Ethereum blockchain and it can be minted or burned depending on how close the USDS stablecoin is to the US dollar. What can Multi-Collateral Sky (USDS) be used for? Once in a user’s possession, USDS can be used just like any other crypto asset. For example, it can be sent to other users, traded and exchanged for other cryptos, and used as payment for services. DAI can also be held as savings through Maker’s USDS Savings Rate (DSR). USDS is also used as the deferred payment method to settle debts in the Sky Protocol. Historicals events: DAI in was launched in 2018. MakerDAO created token as the new Multi-Collateral Dai token. This replaced the previous one, which has been renamed to SAI (Single-Collateral Dai). Since the release of Single-Collateral Dai in 2017, Dai’s success has grown together with the broad industry adoption of stablecoins. Stablecoins are cryptocurrencies designed to maintain price value and function similarly to FIAT currencies. Stablecoin popularity has sharply risen, and they have become an integral part of DeFi decentralized applications as a whole. In 2024, as part of the rebranding, DAI was renamed USDS and the MakerDAO protocol was renamed Sky. USDS Price Today USDS's current price is $ 0.996, it has dropped -0.14% over the past 24 hours.  USDS's All Time High (ATH) of $ 1.19 was reached on 26 Nov 2024, and is currently -16.5% down.  The current circulating supply of USDS is 6.85 Billions tokens, and the maximum supply of USDS is unlimited.  USDS’s 24 hour trading volume is $ 11.96 Million.  It is traded on 6 markets and 6 exchanges, the most active of which is Bitget.  USDS's current share of the entire cryptocurrency market is 0.19%, with a market capitalization of $ 6.83 Billions. $USDS

USDS is a stablecoin that is the upgraded version of DAI, providing new ways for users to have more rewarding crypto experiences. It is the native currency of the decentralized Sky Protocol and powers the open Sky ecosystem. Where can you buy USDS? USDS tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade USDS is Raydium (CLMM), where the most active trading pair USDS/USDC has a trading volume of $12,053,221 in the last 24 hours. Other popular options include Uniswap V2 (Ethereum) and Bitget. What is the daily trading volume of USDS (USDS)? The trading volume of USDS (USDS) is $47,726,139 in the last 24 hours, representing a 124.50% increase from one day ago and signalling a recent rise in market activity. What is the all-time high for USDS (USDS)? The highest price paid for USDS (USDS) is $1.06, which was recorded on Oct 29, 2024 (3 months). Comparatively, the current price is 5.54% lower than the all-time high price. What is the all-time low for USDS (USDS)? The lowest price paid for USDS (USDS) is $0.9483, which was recorded on Oct 03, 2024 (4 months). Comparatively, the current price is 5.33% higher than the all-time low price. What is the market cap of USDS (USDS)? Market capitalization of USDS (USDS) is $6,693,044,740 and is ranked #28 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDS tokens (6.7 Billion tokens are tradable on the market today). What is the fully diluted valuation of USDS (USDS)? The fully diluted valuation (FDV) of USDS (USDS) is $6,693,044,740. This is a statistical representation of the maximum market cap, assuming total number of 6.7 Billion ETH tokens are in circulation today. How does the price performance of USDS compare against its peers? With a price increase of 0.30% in the last 7 days, USDS (USDS) is outperforming the global cryptocurrency market which is down -2.50%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 3.00%. $USDS

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