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 contractsky_savings_withdrawals
- Amount of USDS withdrawn from the savings contractsky_savings_total_supplied
- Total supply of USDS in the savings contractsky_savings_apy
- Interest rate paid for depositing USDS
Access
Measuring Unit
sky_savings_deposits
,sky_savings_withdrawals
andsky_savings_total_supplied
- Amount of USDSsky_savings_apy
- Percentage
Data Type
Frequency
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 } } }
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 } } }
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 } } }