Savings Dai is the yield-bearing ERC-4626 representation of DAI deposited into the protocol's savings mechanism. A 2023 ChainSecurity review covered the Savings DAI smart-contract wrapper.
| Symbol | SDAI |
| Peg | USD |
| Backing | Crypto backed |
| Status | Active |
| Launched | 2023 |
| Networks | L1 EVM Ethereum |
| Specifications | Auditor ChainSecurity Reserve reporting Smart-contract security audit Redemption sDAI is an ERC-4626 wrapper whose base token is DAI; shares can be converted back into DAI according to the wrapper's accounting exchange rate. |
| Use cases | Savings, DeFi collateral |
| Chain | Address |
|---|---|
| Base | 0x99ac4484e8a1dbd6a185380b3a811913ac884d87 |
| Ethereum | 0x83f20f44975d03b1b09e64809b757c47f942beea |
| Optimistic Ethereum | 0x2218a117083f5b482b0bb821d27056ba9c04b1d3 |
## Overview Savings Dai is the yield-bearing ERC-4626 representation of DAI deposited into the protocol's savings mechanism. A 2023 ChainSecurity review covered the Savings DAI smart-contract wrapper. ## Key Features - Yield-bearing wrapper whose base token is DAI. - sDAI represents DAI deposited into the protocol's savings-rate mechanism. ## Supported Networks Available on Ethereum.