×
Grow Open Source Bounties Hackathons Grants Codefund Quests Kudos
Back to Grants

saveDAI


CLR MATCH ROUND 5

5 DAI

FINAL AMOUNT

ROUND 5

22 DAI
8 contributors

Your contribution goes a long way!

1 DAI contribution

+ 1 DAI match

10 DAI contribution

+ 4 DAI match

100 DAI contribution

+ 9 DAI match

1,000 DAI contribution

+ 15 DAI match

Next update : 1 month, 2 weeks ago | Last updated : 1 month, 2 weeks ago

CATEGORIES

Defi

Description

{"ops":[{"insert":"saveDAI aims to be the easiest way to open an insured, high-interest savings account, full stop.\n\nsaveDAI is the first self-insured asset (that we know of). It generates interest (via Compound) and is also protected from financial, governance, and bug/hacking risk (via Opyn).\n\nsaveDAI is an ERC20 token that, when minted, takes in DAI and converts some to cDAI (the interest-generating DAI from Compound) and some to ocDAI (the cDAI insurance contract token from the Opyn protocol).\n\nsaveDAI is also a user interface for minting the saveDAI token and managing the insurance aspect. Users can redeem their saveDAI for ETH (as made possible via the Opyn protocol) or remove the insurance component altogether.\n\nWe are creating saveDAI as a public good. saveDAI plans to take no fees, so we rely on funding from Gitcoin Grants and similar sources to support the creation and maintainance of the project, including (but not necessarily limited to):\ncontract auditing costs"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"web hosting costs"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"other maintenance costs"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"team time reimbursement"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\nWe appreciate your support!\n"}]}

Activity Feed