USDS(USDS)

Token Price$1-0.01%over 24h

All Time HighOct 28, 2024$1.06

All Time LowOct 3, 2024$0.95

Key Metrics

Market Cap$10.239b

Fully Diluted Valuation$10.236b

Circ. Supply10.241b USDS

Volume 24h$650,221

CEX$650,221

Spot$650,221

USD Perp$0

COIN Perp$0

DEX$0

Spot$0

USD Perp$0

COIN Perp$0

Website X/Twitter

Category:Stablecoins

Risks

How much debt can be issued against USDS as collateral across lending protocols.

Maximum possible exposure to USDS

$6.86m

$121.75 (max additional borrows against USDS) + $6.86m (bad debt if USDS was hacked now)

Morpho V1

$1,041 at-risk exposure = $919.71 bad debt if hacked + $121.75 additional borrowable against USDS

Aave V3

$6.86m at-risk exposure = $6.86m bad debt if hacked + $0 additional borrowable against USDS

SparkLend

$5.90 at-risk exposure = $5.90 bad debt if hacked + $0 additional borrowable against USDS

Methodology and limitations

Showing collateral exposure for USDS on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.

Show exposure details

Each row is one protocol-chain exposure for USDS as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Morpho V1	Base	USDS0x820c137fa70c8691f0e44dc420a5e53c168921dc	$109.46	$883.59
Morpho V1	Ethereum	USDS0xdc035d45d973e3ec169d2276ddab16f1e407384f	$12.29	$36.12
Aave V3	Ethereum	USDS0xdc035d45d973e3ec169d2276ddab16f1e407384f	$0	$6.86m
SparkLend	Ethereum	USDS0xdc035d45d973e3ec169d2276ddab16f1e407384f	$0	$5.90

Loading exposure details...

Markets

Loading USDS markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 47 pools

Pool	Reference	Protocol
1 sUSDSSavings USDS	USDS	Sky Lending	$4.963b	3.66%	Stable 98	6,350
2 spUSDSSpark USDS	USDS	SparkLend	$1.361b	2.55%	Stable 95	50
3 USDSSPK Farming Pool	USDS	SparkLend	$556.03m	4.53%+4.53%	Stable 92	0
4 sUSDSSavings USDS	USDS	Spark Savings	$363.94m	3.66%	Stable 98	1,357
5 sUSDSSavings USDS	USDS	Sky Lending	$363.94m	3.66%	Stable 98	1,357
6 JTRSYJanus Henderson Treasury Fund	USDS	Centrifuge Protocol	$326.6m	3.63%	Stable 85	16
7 stUSDSStaked USDS	USDS	Sky Lending	$178.77m	5.24%	Stable 94	696
8 USDSGROVE Farming Pool	USDS	Sky Lending	$142.75m	5.56%+5.56%	Stable 97	0
9 PYUSD-USDS0.00%	PYUSD-USDS	Uniswap V4	$100.13m	0.09%	Stable 68
10 hOHMOrigami hOHM	gOHM-USDS	Origami Finance🪂	$51.73m	0.00%	Stable 100	303

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Borrow

Showing 10 of 36 routes

Use USDSBorrow USDS

Collateral / Borrow	Protocol
1 USDS / weETH	Dolomite	+11.56%	11.80%	0.24%	$127,849	83.33%
2 USDS / UNI	Dolomite	+11.43%	11.80%	0.37%	$2.93m	83.33%
3 USDS / wstETH	Dolomite	+11.15%	11.80%	0.65%	$16,415	83.33%
4 USDS / rETH	Dolomite	+10.58%	11.80%	1.22%	$41,409	83.33%
5 USDS / LINK	Dolomite	+10.05%	11.80%	1.75%	$869,385	83.33%
6 USDS / WBTC	Dolomite	+8.98%	11.80%	2.82%	$2.83m	83.33%
7 USDS / WETH	Dolomite	+8.21%	11.80%	3.59%	$1.11m	83.33%
8 USDS / cbBTC	Extra Finance Xlend	+6.78%	6.78%	0.01%	$410,500	75%
9 USDS / PENDLE	Dolomite	+6.35%	11.80%	5.45%	$562,701	83.33%
10 USDS / WETH	Extra Finance Xlend	+5.93%	6.78%	0.85%	$132,964	75%

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Protocol	Chain
Morpho V1	Base	USDS0x820c137fa70c8691f0e44dc420a5e53c168921dc	$109.46	$883.59
Morpho V1	Ethereum	USDS0xdc035d45d973e3ec169d2276ddab16f1e407384f	$12.29	$36.12
Aave V3	Ethereum	USDS0xdc035d45d973e3ec169d2276ddab16f1e407384f	$0	$6.86m
SparkLend	Ethereum	USDS0xdc035d45d973e3ec169d2276ddab16f1e407384f	$0	$5.90

Pool	Reference	Protocol
1 sUSDSSavings USDS	USDS	Sky Lending	$4.963b	3.66%	Stable 98	6,350
2 spUSDSSpark USDS	USDS	SparkLend	$1.361b	2.55%	Stable 95	50
3 USDSSPK Farming Pool	USDS	SparkLend	$556.03m	4.53%+4.53%	Stable 92	0
4 sUSDSSavings USDS	USDS	Spark Savings	$363.94m	3.66%	Stable 98	1,357
5 sUSDSSavings USDS	USDS	Sky Lending	$363.94m	3.66%	Stable 98	1,357
6 JTRSYJanus Henderson Treasury Fund	USDS	Centrifuge Protocol	$326.6m	3.63%	Stable 85	16
7 stUSDSStaked USDS	USDS	Sky Lending	$178.77m	5.24%	Stable 94	696
8 USDSGROVE Farming Pool	USDS	Sky Lending	$142.75m	5.56%+5.56%	Stable 97	0
9 PYUSD-USDS0.00%	PYUSD-USDS	Uniswap V4	$100.13m	0.09%	Stable 68
10 hOHMOrigami hOHM	gOHM-USDS	Origami Finance🪂	$51.73m	0.00%	Stable 100	303

Collateral / Borrow	Protocol
1 USDS / weETH	Dolomite	+11.56%	11.80%	0.24%	$127,849	83.33%
2 USDS / UNI	Dolomite	+11.43%	11.80%	0.37%	$2.93m	83.33%
3 USDS / wstETH	Dolomite	+11.15%	11.80%	0.65%	$16,415	83.33%
4 USDS / rETH	Dolomite	+10.58%	11.80%	1.22%	$41,409	83.33%
5 USDS / LINK	Dolomite	+10.05%	11.80%	1.75%	$869,385	83.33%
6 USDS / WBTC	Dolomite	+8.98%	11.80%	2.82%	$2.83m	83.33%
7 USDS / WETH	Dolomite	+8.21%	11.80%	3.59%	$1.11m	83.33%
8 USDS / cbBTC	Extra Finance Xlend	+6.78%	6.78%	0.01%	$410,500	75%
9 USDS / PENDLE	Dolomite	+6.35%	11.80%	5.45%	$562,701	83.33%
10 USDS / WETH	Extra Finance Xlend	+5.93%	6.78%	0.85%	$132,964	75%

Overview