sDAI token
Overview
sDAI (Savings DAI) is an ERC-4626 token issued by MakerDAO. It represents DAI deposited into the DAI Savings Rate (DSR) module, automatically accruing interest over time. The token is used to earn yield on DAI holdings within the Maker protocol.
Within the DeFi Intel graph, sDAI connects to 13 tracked entities, most strongly to Ethereum, MakerDAO, Sky Makerdao.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 13 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
issued_by | MakerDAO | 95% |
issued_by | Sky Makerdao | 95% |
backed_by | Dai | 95% |
deployed_on | Ethereum | 90% |
lists_market_for | Pendle | 90% |
backed_by | Dai | 90% |
deployed_on | Gnosis | 90% |
backed_by | Gyroscope GYD | 90% |
deployed_on | Arbitrum | 85% |
Frequently asked questions
What is sDAI?
sDAI is a yield-bearing token representing DAI deposited into the Maker protocol's DAI Savings Rate module. It accrues interest based on the DSR.
How does sDAI accrue interest?
Interest accrues through the DSR mechanism: the exchange rate of sDAI to DAI increases over time, reflecting the accumulated savings rate.
What is the difference between DAI and sDAI?
DAI is a stablecoin that maintains a constant value, while sDAI increases in value relative to DAI as interest accrues, making it a non-pegged, appreciating asset.
What is sDAI connected to?
In the DeFi Intel knowledge graph, sDAI is linked to 13 other tracked entities, most strongly to Ethereum, MakerDAO, Sky Makerdao.
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