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Ethereum · ERC-20

Is USDS Safe? USDS Risk Overview

Stablecoin issued by Sky (formerly MakerDAO), the upgraded form of DAI.

Contract Identity

Token
USDS (USDS)
Chain
Ethereum
Standard
ERC-20
Decimals
18
Contract
0xdC035D45d973E3EC169d2276DDab16f1e407384F

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Key Risk Considerations

  • ▸Deployed behind an EIP-1967 upgradeable proxy; whoever controls the proxy admin can change the token logic.
  • ▸The contract exposes a mint function (mint(address,uint256)); check who holds the minting role and whether supply is capped.
  • ▸Contract facts on this page come from an on-chain bytecode and storage check on 2026-10-29. Roles and implementations can change, so recheck on the chain explorer.

What a Sentinel Scan Checks

Honeypot signals

Checks third-party honeypot, sell-restriction, and transfer-tax signals.

Holder concentration

Measures top-wallet concentration when coherent provider evidence is available.

Liquidity depth

Examines same-chain DEX liquidity, pool age, and pool composition.

Owner permissions

Checks available indicators of owner, mint, pause, blacklist, and fee controls.

Proxy pattern

Checks provider and source indicators of upgradeable proxy contracts.

Source availability

Checks explorer-verified source and ABI availability; does not independently recompile bytecode.

Frequently Asked Questions

What is the USDS contract address on Ethereum?

USDS (USDS) is deployed at 0xdC035D45d973E3EC169d2276DDab16f1e407384F on Ethereum as an ERC-20 token with 18 decimals.

Does the USDS contract have admin controls?

Deployed behind an EIP-1967 upgradeable proxy; whoever controls the proxy admin can change the token logic. The contract exposes a mint function (mint(address,uint256)); check who holds the minting role and whether supply is capped. Contract facts on this page come from an on-chain bytecode and storage check on 2026-10-29. Roles and implementations can change, so recheck on the chain explorer.

How do I check if USDS is safe?

Run a Firepan Sentinel scan for a point-in-time token risk assessment. Read the individual findings, report timestamp, and unavailable checks. A scan is not a guarantee of safety.

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Sentinel scores deployed tokens. To check your own Solidity or Vyper code before launch, run a free smart contract scan on a public GitHub repository.

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