Sky Savings USDS
Earn stablecoin yield through Sky Savings USDS on Ethereum
Not a fit if
- Includes issuer or bridge exposure
- Depends on curator or governance decisions
Asset exposure
Depositors are exposed to USDS, Sky protocol savings mechanics, Sky governance, and the collateral and revenue system behind the Sky Savings Rate.
Yield source
Yield comes from the Sky Savings Rate, which is governed by Sky protocol mechanics and revenue allocation.
Live APY: -- - Source: Yield unavailable - As of: No live APY timestamp
Withdrawal reality
sUSDS is the cleanest standard vault in the Ethereum set and is modeled as an instant ERC-4626-style redeem path.
- Redeem sUSDS shares through the standard vault path.
- Receive USDS according to the vault exchange rate.
Primary risks
Main risks are Sky governance and savings-rate changes, USDS peg and backing risk, RWA or CDP collateral risk, and smart contract risk.
Allocrypt role
Allocrypt routes deposits into sUSDS through the Ethereum PortfolioRouter and forwards the net vault shares to the user's Safe.
The user's Safe holds sUSDS directly after deposit.
Only the user controls the signing keys for the Safe.
PortfolioRouter takes a 0.49% fee in vault shares after the external vault deposit and sends it to the treasury.
Sources and freshness
Reviewed 2026-05-16 - Confidence: medium - Reviewed May 2026
- Allocrypt reviewed research
- Sky sUSDS documentation
- vaults.fyi vault data
Ethereum vault actions use portfolio flows. Deposits target the Ethereum smart wallet; withdrawals start from the Ethereum smart wallet.
Vault Info
Protocol