Sky Savings

Sky Savings is a feature of the decentralized Sky Protocol that allows users to access the Sky Savings Rate module by supplying USDS, a stablecoin. There is no minimum supply amount required, and users can withdraw their funds at any time, ensuring they remain in control of their savings. The Sky Savings Rate is a dynamic, variable mechanism that accumulates additional USDS in real time, determined by governance decisions within the Sky ecosystem rather than market factors. When users supply USDS, they receive sUSDS tokens, which serve as a digital record of their interaction and the value accrued. As USDS tokens automatically accumulate in the pool every few seconds, users benefit from increased savings when they redeem their sUSDS back to USDS.

Sky Savings metrics:

• sky_savings_deposits - Amount of USDS deposited into the savings contract
• sky_savings_withdrawals - Amount of USDS withdrawn from the savings contract
• sky_savings_total_supplied - Total supply of USDS in the savings contract
• sky_savings_apy - Interest rate paid for depositing USDS

Restricted Access

• sky_savings_deposits, sky_savings_withdrawals and sky_savings_total_supplied- Amount of USDS
• sky_savings_apy - Percentage

Timeseries Data

Daily Intervals

On-Chain Latency

Available for usds

Deposit and withdraw metrics: sky_savings_deposits and sky_savings_withdrawals

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{
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  getMetric(metric: "sky_savings_deposits"){
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    timeseriesDataJson(
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      slug: "usds"
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      from: "2024-10-01T00:00:00Z"
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      to: "2024-10-07T00:00:00Z"
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      interval: "1d")
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  }
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}

Total supplied metric: sky_savings_total_supplied

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{
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  getMetric(metric: "sky_savings_total_supplied"){
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    timeseriesDataJson(
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      slug: "usds"
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      from: "2024-10-01T00:00:00Z"
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      to: "2024-10-07T00:00:00Z"
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      interval: "1d")
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  }
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}

Savings APY metric: sky_savings_apy

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{
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  getMetric(metric: "sky_savings_apy"){
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    timeseriesDataJson(
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      slug: "usds"
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      from: "2024-10-01T00:00:00Z"
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      to: "2024-10-07T00:00:00Z"
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      interval: "1d")
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  }
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}