sDAI is a yield-bearing version of DAI that lets holders earn interest through MakerDAO’s Dai Savings Rate (DSR). By depositing DAI into the DSR module, users receive sDAI, which grows in value over time while remaining liquid and usable across DeFi for lending, staking, or transfers. This makes sDAI a simple way to earn passive yield on stablecoin holdings without sacrificing flexibility.
You can view, swap, send and receive sDAI tokens directly from your MEW Wallet. To receive your sDAI tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the sDAI token information page. You can send your sDAI tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your sDAI tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.