Savings xDAI (sDAI) stablecoin analytics
Answer First
What is Savings xDAI (sDAI)?
sDAI is Gnosis's savings vault over wrapped xDAI, redeemable on-chain for WXDAI at its accrued exchange rate. The static profile records its xDAI-denominated NAV accounting mechanism as: Holders deposit WXDAI for ERC-4626 shares and redeem for WXDAI at the current asset-per-share rate, then may unwrap WXDAI into native xDAI. No local cooldown or withdrawal fee is implemented; gas applies.
Is sDAI safe?
Pharos does not mark sDAI as absolutely safe. Static metadata says Savings xDAI uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from SavingsXDai onchain WXDAI asset and share accounting; 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.
Static Profile
Static stablecoin profile
Savings xDAI (sDAI) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg xDAI-denominated NAV.
Variant Relationship
Savings xDAI (sDAI) is modeled as a savings variant of xDAI (xDAI). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Oct 2, 2026
Savings xDAI wraps Gnosis Chain’s WXDAI in an immutable savings vault, with yield reflected in the amount of WXDAI each share can redeem. Holders can convert shares back to WXDAI on-chain without a local cooldown, then unwrap into native xDAI. The fixed-asset contract has no local owner or privileged share minter, but that narrow control finding leaves the xDAI bridge and Sky reserve dependencies intact.
- Collateral
- WXDAI held directly in the immutable Gnosis SavingsXDai vault; underlying xDAI bridge and Sky backing remains inherited.
- Peg Mechanism
- Holders deposit WXDAI for ERC-4626 shares and redeem for WXDAI at the current asset-per-share rate, then may unwrap WXDAI into native xDAI. No local cooldown or withdrawal fee is implemented; gas applies. Conversion is not a fiat-dollar redemption guarantee.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by SavingsXDai onchain WXDAI asset and share accounting Reserve source
- Contracts
- 1 deployment tracked across Gnosis.
Next Actions
Exact bot target: /subscribe dews,depeg,safety sdai-gnosis
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 Oct 2, 2026.
sDAI quick answers
What is Savings xDAI (sDAI)?
sDAI is Gnosis's savings vault over wrapped xDAI, redeemable on-chain for WXDAI at its accrued exchange rate. The static profile records its xDAI-denominated NAV accounting mechanism as: Holders deposit WXDAI for ERC-4626 shares and redeem for WXDAI at the current asset-per-share rate, then may unwrap WXDAI into native xDAI. No local cooldown or withdrawal fee is implemented; gas applies.
Is sDAI safe?
Pharos does not mark sDAI as absolutely safe. Static metadata says Savings xDAI uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from SavingsXDai onchain WXDAI asset and share accounting; 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.
What backs sDAI?
Pharos classifies sDAI backing as Crypto-Collateralized. Collateral, per the static profile: WXDAI held directly in the immutable Gnosis SavingsXDai vault; underlying xDAI bridge and Sky backing remains inherited. Reserve evidence: Real-Time PoR from SavingsXDai onchain WXDAI asset and share accounting.
Can sDAI be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for sDAI, when applicable, appear in the dossier below.
