Dai (DAI) vs USDS (USDS)

MakerDAO is an emblematic project of decentralized finance (DeFi) on Ethereum. The protocol is designed to issue and manage DAI, a decentralized stablecoin pegged to the US dollar. This is done through a combination of mechanisms, including a system that allows users to deposit collateral assets in order to borrow a certain amount of DAI. MakerDAO also has MKR, a governance token used to vote on various aspects of the protocol, including risk management strategies or the tokens accepted as collateral.

USDS is a stablecoin that powers the open Sky ecosystem, designed as an upgraded version of DAI. It offers users access to the Sky Savings Rate (SSR) for earning yield and Sky Token Rewards for supporting ecosystem projects. With a 1:1 conversion rate from DAI, USDS enables users to have more rewarding crypto experiences while maintaining full control of their funds. The stablecoin functions as part of the Sky Protocol's decentralized financial infrastructure alongside SKY tokens.