xDAI bridge migration is completed

Gnosis Chain proposes replacing the sDAI held in its xDAI bridge on Ethereum with sUSDS to capture a higher yield, according to GIP-118, a draft by Philippe Schommers. The proposal says the Sky Savings Rate is typically 1% higher than the DAI Savings Rate, with the SSR at 12.5% and the DSR at 11.5%. The upgrade would also add support for depositing USDS alongside DAI, and withdrawals would switch from DAI to USDS. The proposal notes the trade-off that USDS has a blacklist function, which DAI lacks, and it flags possible effects on smart contracts that rely on receiving DAI from the bridge.