Product note
Your dollars do not have to sit still
sUSDS and sUSDe are tradable on opcode, and a swap between dollars is charged 0.01%.
Savings dollars, now on opcode
Two to start. sUSDS is the savings version of USDS, Sky's dollar. sUSDe is the savings version of USDe, Ethena's dollar.
Neither one pays you a dividend to claim. The token itself is worth more of its underlying dollar over time, so the balance sitting in your wallet does the earning. The rate is variable and set by the protocol behind each token, not by opcode. You can check where they stand at spark.fi and ethena.fi.
A dollar swap costs 0.01%
opcode charges a flat 0.01% when both sides of a swap are dollar stablecoins. That is one basis point, or 10 cents on a $1,000 swap. The standard trading fee is 0.25%, so a dollar swap is charged a twenty-fifth of it.
You do not need to hold OPCODE for that rate. The stablecoin fee replaces the tiered one instead of stacking with it, so every account pays the same 0.01%. An account discount still applies on top, and the charge lands below a basis point rather than rounding away.
Settling on Ethereum has a cost. The quote shows it separately from the fee, as always.
No market hours to wait for
A tokenized stock follows the clock of the market behind it. These do not. Cash can move into savings on a Sunday night and be back in USDC before the open.
Getting a good price
On every quote opcode compares the direct route into the token against the open market, then takes whichever leaves you with more after fees and gas. Before you sign, the quote shows what you receive, the trading fee, and the settlement cost separately.
What to know
The yield is variable and can change. A savings token can trade a little away from its value in the underlying dollar, and an exit can route through the market rather than the issuer, so what you receive depends on the routes open at that moment. Availability varies by jurisdiction.
Start at app.opcode.fi.