MakerDAO / Sky review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
MakerDAO / Sky suits stablecoin holders who want to keep control of their funds and stay liquid. The sUSDS pot pays 3.6%, comes with no lockup and is non custodial, which is the trade-off against Bit2Me's 0.5% to 19.2% and the 8.25% from bunq Crypto Spain.
Pros and cons
Pros
- Custody is non custodial, so a provider default does not stand between you and the balance.
- With no lockup, the position can be moved as soon as a better rate appears elsewhere.
- Self-custody is a minority setup in this category, since 7.1% of earn listings hand the balance back to you.
Cons
- The 3.6% rate ranks 21 of 25 brands on yield and sits below the 7% earn median.
- Asset choice stops at the USDS, sUSDS and SKY set, and other tokens sit outside the pot.
- Bit2Me runs 0.5% to 19.2% and bunq Crypto Spain lists 8.25%, both above 3.6%.
Who it suits
- You already hold stablecoins and want them to earn while staying in your own wallet.
- You want to shift the position whenever rates elsewhere look better, with no lockup in place.
- You are happy with a known token set rather than a long coin list.
Who should look elsewhere
- Bit2Me, if the posted rate matters most and 0.5% to 19.2% suits your plan.
- bunq Crypto Spain, which lists 8.25% and earns inside a bank app rather than a protocol pot.
- VaultLeap, if USDC covers what you want and the set needs to be shorter.
How MakerDAO / Sky compares
Frequently asked questions
What rate does the sUSDS pot pay?+
The pot pays 3.6% on the balance you deposit, and that rate is what accrues while the funds sit there. It sits under the 4.66% midpoint for earn listings on the site, so the reward is predictable rather than generous.
Is there a lock-up or an early exit penalty?+
no lockup applies here, so the position can be moved whenever you choose without waiting out a term. The 3.6% keeps accruing while the funds are in the pot, and the accrued balance travels with the withdrawal.
Who controls the funds?+
Custody is non custodial, so the balance stays under your own control instead of with a provider. That removes counterparty risk from the setup, and it also leaves you responsible for the wallet and how you would recover access.
Which tokens can earn inside the pot?+
The USDS, sUSDS and SKY list covers the dollar stablecoin, its savings version and SKY. Keeping them together means a position sits in a single ecosystem, but the 3.6% applies to those assets and not to a long list of other coins.
What does liquid staking mean here?+
Liquid staking is the mechanism behind the pot, listed as liquid staking. The balance keeps earning while it stays transferable, which is what separates this setup from a fixed staking term with a withdrawal queue.
How does the rate compare with other earn options?+
Bit2Me runs 0.5% to 19.2% and bunq Crypto Spain lists 8.25%, both above the 3.6% here. MakerDAO / Sky sits at 21 of 25 brands on yield, so it competes on access and custody instead of the headline rate.
Is the rate high compared with the rest of the market?+
The 3.6% on offer is below the 7% median across earn listings, and only the bottom quarter of listings sit at 4.66% or below. Here the trade is flexibility and non custodial rather than rate.
Who is this pot built for?+
It fits you if you already hold stablecoins, want them to earn, and would rather keep control than hold a balance with a provider. no lockup means you can still move on, and USDS, sUSDS and SKY keeps the choice of tokens short and clear.
Sources
- sky.money checked September 26, 2026
Backs: Custody, Yield
“Get non-custodial access to the largest yield-bearing stablecoin”
- sky.money/susds checked September 26, 2026
Backs: Supported assets, Features, Lock-up terms
“Supply USDS, receive sUSDS”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.