Sky Savings

    Description

    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    • sky_savings_withdrawals - Amount of USDS withdrawn from the savings contract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

    Access

    Restricted Access


    Measuring Unit

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

    Data Type

    Timeseries Data


    Frequency

    Daily Intervals


    Latency

    On-Chain Latency


    Available Assets

    Available for usds


    SanAPI

    Deposit and withdraw metrics: sky_savings_deposits and sky_savings_withdrawals

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

    Run in Explorer

    Total supplied metric: sky_savings_total_supplied

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

    Run in Explorer

    Savings APY metric: sky_savings_apy

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

    Run in Explorer