Cryptos: 8 818
Exchanges: 15
Market capitalization: $2.62T
About Savings Dai
Savings Dai (sDAI) represents Dai deposited in MakerDAO's Dai Savings Rate (DSR). It allows users to earn interest on their Dai while retaining the flexibility to transfer, stake, lend, or use it as desired. sDAI's value grows with the DSR, increasing its Dai equivalent over time. It's an accumulating token, meaning its value increases, rather than its quantity. Each sDAI is interchangeable and can always be redeemed for Dai.
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