Vault Synopsis

The sDAI 11x vault accepts deposits denominated in sDAI.

MakerDAO is a decentralised organisation launched with the aim of providing stability to cryptocurrency economies through its collateral backed stablecoin DAI which has surpassed more than 5 Billion in circulating supply. As a subdao of MakerDAO tasked with building key DeFi infrastructure, Spark Protocol has provided users with access to the revenue generated by MakerDAO's DAI Savings Rate (DSR) through its yield bearing stablecoin sDAI.

The sDAI 11x vault allows users to increase their effective exposure to sDAI to 11x through folding their sDAI collateral on Spark Protocol. This means that at the Target Leverage of 11x, the vault user will earn up to 2x ORI Points.