
Savings Dai sDAIPrice $ 1.17
Rank: 200
sDAI Price
General Info
Contracts/Explorers:
Ethereum
Savings Dai (sDAI) Chart
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What is Savings Dai (sDAI)?
sDAI (Savings DAI) is a yield-bearing token issued by MakerDAO and Spark Protocol, representing a staked version of DAI. DAI is a decentralized stablecoin pegged to the US dollar. By depositing DAI into a specialized ERC-4626 vault, users can automatically earn yield from the Dai Savings Rate (DSR), which is a core feature of the Maker Protocol. This process is non-custodial and permissionless. The yield paid by the DSR is funded by the combined revenues of the Maker and Spark ecosystems, which include fees from crypto-backed loans, returns from investments in U.S. Treasury Bills, and income from liquidity provisioning on SparkLend and the Spark Liquidity Layer.
Savings Dai Price Today
Savings Dai's current price is $ 1.17, it has dropped -0.01% over the past 24 hours.
Savings Dai's All Time High (ATH) of $ 2.57 was reached on 3 Sep 2024, and is currently -54.5% down.
The current circulating supply of Savings Dai is 170.07 Million tokens, and the maximum supply of sDAI is unlimited.
Savings Dai’s 24 hour trading volume is $ 97.63 Thousands.
Savings Dai's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 199.52 Million.
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