🔍Introducing $sDAI

Savings Dai ($sDAI) is an ERC-4626 representation/wrapper of DAI in the Dai Savings Rate (DSR) module. sDAI allows users to deposit DAI within the Spark protocol to receive the yield generated by Maker while still being able to transfer, stake, lend and use it in any way you want. In other words, it is a liquid version of the tokenized yield of DAI produced by Maker.

“Swapping” between DAI and sDAI does not need to be done via a DEX but can be achieved by depositing and withdrawing from the DSR module within Spark protocol without additional costs and slippage.

Since sDAI represents a tokenization of the yield, it increases in value every day according to the yield designed by Spark which now stands at 15% APR. Even though this stablecoin was born a few months ago, it has already reached a market cap close to 1 billion dollars and it has allowed Spark to grow considerably, accumulating a lot of TVL, to become one of the largest and most prosperous protocols in DeFi.

We at Stablecomp immediately noticed the potential of sDAI and decided to implement a new pool with this stablecoin, namely the FRAX — sDAI pool which yields 7% APR. But since sDAI represents a tokenized yield, the true yield of this pool should exceed 10% APR!

💙 We are always looking for new, alternative and innovative methodologies to generate and deliver returns to our users. In the future we will implement more and more diversified and trending strategies, so enjoy our opportunities!

📈 Stake sDAI — FRAX here: https://dapp.stablecomp.com/vaults