Farming Rewards
Learn how to use Farms
Learn how to deposit into farms, claim rewards, and withdraw from farms, using the following tutorials:
Farms FAQ
What are Farms?
You can deposit USDS into farms to earn Sky Token Rewards. You can select different farms to earn the token rewards of different Sky Stars.
Learn how to deposit into farms here:
What is the SKY token address?
The Sky token address is: 0x56072C95FAA701256059aa122697B133aDEd9279
You can use this address to add the SKY token to your wallet to track your SKY balance.
How much will I earn?
You earn Sky Token Rewards based on the amount of USDS you deposit into the farm. On the farms page you will be able to see how many tokens you are earning in real time, and the APY based on the current token price.
When can I claim rewards?
You can claim earned Sky Token Rewards any time you want as they accrue in real time.
Learn how to claim rewards here: Claiming Rewards
Are there any withdrawal restrictions?
No, deposited funds can always be instantly withdrawn with no liquidity constraint and no fees beyond gas cost. No other actor than the user itself have access to deposited funds.
Learn how to withdraw from farms here: Withdrawing From Farms
Can I deposit Savings USDS or Savings DAI?
You can only deposit USDS, however you are able to convert savings tokens to USDS and deposit into the farm in a single transaction. You are therefore not able to both earn the Sky Savings Rate and earn Sky Token Rewards at the same time using the same funds.
What are the risks?
USDS is simply deposited into a non-custodial smart contract, and is not being used for beyond calculating the user’s share of rewards. Deposited funds are not being used in any liquidity pool, or staking mechanism, and can therefore always be instantly withdrawn with no liquidity constraints and no fees beyond gas cost. No other actor than the user itself have access to deposited funds. You are therefore not taking on any market or staking related risks.