About
sDAI (Savings DAI) is a yield-bearing token issued by MakedDAO and Spark Protocol, representing a staked version of DAI, a decentralized stablecoin pegged to the USD. sDAI allows users to earn yield from the Dai Savings Rate (DSR), a feature of the Maker Protocol, by depositing DAI into an ERC-4626 vault. It offers a non-custodial, permissionless way to accrue yield. The DAI Savings Rate is funded by Sky's and Maker's revenue, which includes fees from crypto collateralized loans, investments into U.S. Treasury Bills and its liquidity provisioning into SparkLend and the Spark Liquidity Layer.
Categories
Risks
Historical Data
FAQ on Mechanisms and Risks
Can I incur a loss?
Yes, due to the platform hacks and/or should the collateral backing the assets lose value rapidly and incur a bad debt.
How can I withdraw?
Instant unstaking to DAI.
How can I verify the backing?
The collateral breakdown is provided by the infopage.
How is yield produced?
The yield is a mix of the protocol revenues and the RWA asset flows.
Can the yield decrease in the long term?
Yes, the yield rate is being decided by the DAO governance.