Savings Dai (sDAI) stablecoin analytics
sDAI is MakerDAO/Sky's savings-rate wrapper of DAI; deposit DAI, accrue the Dai Savings Rate through a rising exchange rate, with DAI-tier CDP risk underneath.
Static Profile
Static stablecoin profile
Savings Dai (sDAI) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
The original Dai savings receipt — deposit DAI, accrue the DSR through a rising exchange rate, with wrapper-contract risk on top of DAI-tier CDP risk. sDAI is the original Dai savings receipt: deposit DAI, receive a token whose redeemable DAI balance grows with the Dai Savings...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- DAI deposited into the sDAI savings vault; the wrapper remains fully backed by DAI while the exchange rate compounds with the Dai Savings Rate
- Peg Mechanism
- Deposit DAI to mint sDAI and redeem sDAI for the current convertToAssets amount of DAI; the share price rises as DSR accrues, and Spark's savings front-end documents withdrawals without slippage or platform fees
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is sDAI safe?
Pharos does not mark sDAI as absolutely safe. Static metadata says Savings Dai uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety sdai-sky
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.