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Live$0 TVL
USDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00MUSDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00M
sDA

How to Buy Savings DAI (sDAI)

Sky (MakerDAO)Stablecoins

This guide walks you through buying Savings DAI (sDAI), a stablecoins asset on Sky (MakerDAO) currently earning 6.00% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in sDAI, you need a compatible crypto wallet. We recommend MetaMask or Rabby for browser-based wallets, or Coinbase Wallet for mobile. Make sure your wallet supports ethereum. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

sDAI is typically purchased with USDC or USDT. You can buy stablecoins on any major exchange (Coinbase, Kraken, Binance) and send them to your wallet on ethereum. If you already have crypto, you can swap to USDC on a DEX like Uniswap or 1inch.

3

Complete KYC (If Required)

Good news: sDAI on Sky (MakerDAO) does not require KYC verification. You can invest directly from your wallet without identity verification. Note that regulatory requirements may change, so check the protocol's current requirements before investing.

4

Connect to Protocol

Visit the Sky (MakerDAO) platform at https://spark.fi and connect your wallet. Make sure you are on the correct network (ethereum). Review the terms and conditions carefully. Check that the URL is correct to avoid phishing sites -- always access the protocol through official links or bookmark the site.

5

Make Your Investment

Select sDAI from the available products and enter the amount you want to invest. Review the current APY (6.00%), any fees, and redemption terms before confirming. Approve the stablecoin spend and confirm the transaction in your wallet. Your yield will start accruing immediately after the transaction confirms.

Ready to invest in sDAI?

Start earning 6.00% APY on Sky (MakerDAO) today.

Frequently Asked Questions

What is sDAI?

Yield-bearing version of DAI. Earns the DAI Savings Rate (DSR) automatically by holding. Backed by over-collateralized crypto assets and RWA.

What APY does sDAI currently offer?

sDAI currently offers 6.00% APY. The 7-day average APY is 5.95% and the 30-day average is 6.10%. Yields can fluctuate based on market conditions.

Is KYC required to buy sDAI?

No, sDAI does not currently require KYC verification. You can invest directly from your wallet.

What chains is sDAI available on?

sDAI is available on ethereum.

View full sDAI analysis

sDAI Overview

Current APY
6.00%
TVL
$2.80B
Min Investment
None
KYC Required
No
Chains
ethereum
Risk Level
low risk
Audit Status
audited

Quick Links

sDAI AnalysisSky (MakerDAO) ProtocolYield ScreenerYield Calculator