sDAISky
Chains:
TVL
$199.54M
+16.27%
Price
$1.17
0.00%
APY30d
1.25%
-0.00%
-2.48%
YPO30d
$180.83K
Key Facts
Protocol
Sky
Token
sDAI
Asset Class
RWA Backed, Managed Strategy, Crypto Backed, Algorithmic Strategy
Market Data
Market Cap
$199.54M
7-Day YPO
$46.92K
30-Day YPO
$180.83K
90-Day YPO
$582.55K
All-Time YPO
$121.56M
Live Yield Paid Out
00:00:00
$.
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.