Savings Dai (SDAI) is a stablecoin within the Spark ecosystem, a community-built DeFi infrastructure closely connected to Maker and other DAOs. It offers users the opportunity to deposit DAI and earn the DAI Savings Rate (DSR), providing a way to earn passive income on their holdings. As part of MakerDAO, Savings Dai benefits from the best borrowing rates and high liquidity. Users can deposit volatile ETH, borrow stable DAI, and engage in various financial activities, such as expanding their crypto holdings, covering everyday expenses, and exploring investment opportunities in DeFi.
Spark aims to provide DeFi infrastructure to the DAI ecosystem by connecting multiple protocols. The project undergoes regular security audits to ensure the safety of the code, with reports available for review. Spark is managed by an ecosystem committed to solving global coordination problems through an open-source financial system. As a user, you can join SparkDAO to contribute to its growth and make this vision a reality. The platform also offers features like SparkLend, a lending protocol, and SparkConduits, which provide direct liquidity for protocols.