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October Rate Increase Puts sUSDS Savings Return at 3.80%

Sky Protocol finances the return from its aggregate surplus.

Updated 1 min read
A customer checks a mobile savings app at a café in Seoul, South Korea. / EconoTimes.ai
A customer checks a mobile savings app at a café in Seoul, South Korea. / EconoTimes.ai

People holding sUSDS, Sky’s yield-bearing USDS token, had a savings rate of 3.80% in October after Sky Governance increased the return tied to the token.

Sky Governance determines the variable rate. Sky Protocol uses its aggregate surplus to finance the savings return.

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