In-Depth Guide: How to Earn Yield Using SKY and USDS on Sky.money

Sky.money Platform Introduction

Sky.money is a non-custodial gateway to access the Sky Protocol, allowing users to always have control of their funds. Through Sky.money, users can easily manage tokens such as USDS and SKY, participate in savings, staking, and reward programs, while also gaining governance rights.

The platform is easy to operate and supports the exchange of various mainstream cryptocurrencies for USDS or SKY, allowing beginners to quickly participate in the ecosystem. The core philosophy of Sky.money is to enable users to have complete control over their assets while enjoying the income opportunities brought by decentralized finance.

Distinction between the roles of SKY and USDS

• USDS: A stablecoin pegged to the USD, used for savings, reward distribution, and lending purposes. Suitable for conservative investors or users seeking stable returns.
• SKY: A governance and utility token used for participating in protocol governance, staking, lending collateral, and ecological incentives. It is suitable for investors who wish to engage in ecological development and pursue long-term value growth.

How to get started: Savings, Staking, Token Rewards

• Get USDS: Exchange ETH, USDC, USDT, or old DAI for USDS.
• Savings USDS: Deposit USDS into Sky Savings Rate for an annual yield of approximately 4.25%.
• Participate in Sky Token Rewards: Contribute USDS to support ecological projects, with an annualized return of approximately 4.94%.
• Staking SKY: Holding SKY and participating in staking can earn governance rewards and lending profits, with an annualized rate of up to 16.34%.
• Advanced Operations: Use the stUSDS module for liquidity provision and lending, with an annual yield of up to 28.58%.

These features meet the needs of different types of users, with corresponding strategies ranging from stable returns to high-risk, high-reward investments.

Latest Updates - Buyback and Price Trends

Recently, the SKY buyback volume reached 40.5 million tokens, demonstrating the project’s commitment to ecological development and the value of the token. The buyback plan reduces market circulation, enhances investor confidence, and simultaneously drives a phased price increase. The current price is approximately $0.0559, which is below the historical high, providing a good entry point for long-term investors.

Risk and Applicable Population

Participating in SKY still carries certain risks: price volatility, uncertainty in protocol governance, risks associated with smart contracts, etc. It is suitable for those who have a certain understanding of DeFi, have a long-term investment willingness, or wish to participate in ecological governance.

The features offered by Sky.money and the SKY token allow users to both earn returns and participate in ecological governance, making it a multifunctional choice for DeFi investors and regular users.