Savings DaiPrice(SDAI)
Details Savings Dai (SDAI) Price information (USD)
The current real-time price of SDAI is $1.17. In the past 24 hours, SDAI has traded between $1.17 and $1.17, showing strong market activity. The all-time high of SDAI is $1.27, and the all-time low is $0.1865.
From a short-term perspective, the price change of SDAI over the past 1 hour is
Savings Dai (SDAI) Market Information
Savings Dai (SDAI) Today's Price
The live price of SDAI today is $1.17, with a current market cap of $195.654M. The 24-hour trading volume is 162K. The price of SDAI to USD is updated in real time.
Savings Dai (SDAI) Price History (USD)
What is SAVINGS DAI (SDAI)?
When is the right time to buy SDAI? Should I buy or sell SDAI now?
Before deciding whether to buy or sell SDAI, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SDAI technical analysis can provide you with trading references.
Future price trend of SDAI
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SDAI.
How much will SDAI be worth tomorrow, next week, or next month in ? What about your SDAI assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SDAI Price Prediction
How to buy SAVINGS DAI (SDAI)
Convert SDAI to local currency
SDAI Resources
To learn more about SDAI, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
optimistic-ethereum | 0x1315...b06916  | 134.770K | 83.33% |
optimistic-ethereum | 0x0464...6af2d0 | 19,322 | 11.95% |
optimistic-ethereum | 0x6ce3...a696a8 | 9,464 | 5.85% |
optimistic-ethereum | 0x5fbb...334b77 | 7,020 | 4.34% |
optimistic-ethereum | 0xa8d4...42f891 | 1,595 | 0.99% |
Other | -10,437.7 | -6.45% |
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SAVINGS DAI (SDAI) FAQ
What is Savings Dai (sDAI)?
Savings Dai (sDAI) is an ERC-4626 token that represents DAI stablecoins deposited into the Dai Savings Rate (DSR) module. It allows users to earn yield on their DAI holdings while maintaining the flexibility to use sDAI in various decentralized finance (DeFi) applications.
How does sDAI work?
When DAI is deposited into the DSR contract, it begins to accrue yield, which is paid out in DAI. The sDAI token then represents this yield-bearing DAI. As an accumulating token, its DAI-denominated value gradually increases over time, reflecting the earned yield. Users can acquire sDAI by depositing stablecoins into a Savings Vault through compatible platforms.
How does sDAI differ from DAI?
DAI is a stablecoin pegged to the US dollar. sDAI is a tokenized version of DAI that has been deposited into the Dai Savings Rate (DSR) and is actively earning yield. Unlike regular DAI, sDAI grows in value relative to DAI as it accrues interest.
How does sDAI generate yield?
The yield for sDAI is derived directly from the Dai Savings Rate (DSR), a feature of the Sky Protocol (also referred to as Maker Protocol/MakerDAO). The DSR is funded by the protocol's revenue streams, which include fees from crypto-collateralized loans, investments in U.S. treasury bills, and liquidity provisioning.
Is sDAI considered safe and secure?
sDAI leverages the DSR module of the Maker protocol, and its security is built upon blockchain technologies, including tokenized wrappers and smart contracts on the Ethereum blockchain. It operates within the established standards and security measures of Ethereum. It is considered a secure method for earning yield on DAI stablecoin.
How can users acquire and utilize sDAI?
Users can acquire sDAI by depositing DAI into the DSR module through compatible platforms. Once obtained, sDAI tokens can be transferred, staked, lent, or utilized in other DeFi applications while continuing to accrue yield. Swapping between DAI and sDAI can be done directly by depositing into or withdrawing from the DSR module, without needing a decentralized exchange.
