Deformation monitoring plays a pivotal role in assessing dam safety. Interferometric Synthetic Aperture Radar (InSAR) has the advantage of obtaining an extensive range of deformation, regardless of weather conditions. The Datengxia Water Conservancy Hub is the largest in-construction dam in China. To effectively assess the in-construction dam safety, the SBAS-InSAR (Small Baseline Subset-InSAR) technique and 86 Sentinel-1 images (from 11 February 2020, to 16 January 2023) have been employed in this study to monitor the deformation over the reservoir and its surrounding areas. The reliability of the SBAS-InSAR monitoring results over the study area was demonstrated by the in situ monitoring results. And the InSAR results show that the central section of the left dam exhibits the most substantial cumulative deformation, attributed to the maximal water pressure. This is closely followed by the left end of the dam, which reflects a similar but smaller deformation. However, the in-construction cofferdam facilities make the right-end section of the left dam more robust, and the deformation is the most stable. Additionally, significant deformation of the auxiliary dam slope has been identified. Moreover, the analysis indicated that the deformation of the four upstream slopes is closely related to the precipitation, which potentially poses a threat to the safety of the Datengxia Dam.