Sky Savings Dai(sDAI)Onchain Marketcap$166.72m
Onchain Marketcap by chain
Ethereum$166.57m
OP Mainnet$148,331
Base$153
Key Metrics
Active Marketcap$166.72m
Ethereum$166.57m
OP Mainnet$148,331
Base$153
DeFi Active TVL$6.74m
Curve DEX$2.37m
Ethereum$2.37m
World Chain$1.77m
Ethereum$1.77m
Aevo Perps$1.53m
Ethereum$1.53m
Fuel Bridge$236,984
Ethereum$236,984
Optimism Bridge$169,739
Ethereum$169,739
ApeChain Bridge$168,166
Ethereum$168,166
Corn Kernels$68,404
Ethereum$68,404
Uniswap V3$62,964
Ethereum$62,964
Velodrome V3$51,747
OP Mainnet$51,747
Aave V3$50,521
Ethereum$50,521
SparkLend$44,419
Ethereum$44,419
UwU Lend (Treasury)$44,095
Ethereum$44,095
Reserve Protocol$36,193
Ethereum$36,193
Euler V2$34,786
Ethereum$34,786
Seer$30,993
Ethereum$30,993
OpenGDP Shared Security$16,666
Ethereum$16,666
Pendle$15,124
Ethereum$15,124
PulseChain Bridge$6,868
Ethereum$6,868
Bankless (Treasury)$5,653
Ethereum$5,653
Fraxtal$3,843
Ethereum$3,843
Radiant V2$3,208
Ethereum$3,208
Sophon Bridge$1,988
Ethereum$1,988
UwU Lend$1,499
Ethereum$1,499
xDAI Stake Bridge$1,188
Ethereum$1,188
Balancer V3$1,036
Ethereum$1,036
Derive V2$667
OP Mainnet$552
Ethereum$115
Uniswap V4$526
Ethereum$526
Arbitrum Bridge$236
Ethereum$236
Balancer V2$207
Ethereum$207
Base Bridge$153
Ethereum$153
Timeless Finance$97
Ethereum$97
Polygon Bridge$71
Ethereum$71
Morpho Blue$70
Ethereum$70
Hyperdrive$52
Ethereum$52
Ajna V1$47
Ethereum$47
Beta Finance V2$39
Ethereum$39
Beefy$34
OP Mainnet$34
Gudchain$29
Ethereum$29
Polygon zkEVM Bridge$13
Ethereum$13
sDAI Price$1.18
Chains3
Token Properties
Classification
RedeemableIndicates whether the token can be redeemed for underlying assets
TransferableIndicates whether the token can be transferred freely between on chain addresses
Self CustodyIndicates whether the token can be held in a user controlled wallet
AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing
Asset Information
IssuerSky Protocol
Registry InformationSky Protocol, formerly MakerDAO, issues DAI and operates the DAI Savings Rate through onchain governance rather than through a single incorporated issuer. sDAI is an ERC-4626 vault contract on Ethereum that holds DAI and accrues the savings rate to depositors through the share price.
Sourcehttps://sky.money/
Notes
- sDAI is the savings wrapper for DAI, the original stablecoin of the Sky Protocol, formerly MakerDAO. Depositors lock DAI in an ERC-4626 vault on Ethereum and receive a non-rebasing share token whose redemption value rises as the DAI Savings Rate accrues, so the position grows through share price rather than through a rising balance. Holders can redeem back to DAI from the vault at any time without permission or a minimum. The DAI Savings Rate is set by Sky governance and is paid from the same blended protocol revenue that funds the Sky Savings Rate on USDS, so the return is not a direct claim on a specific real world asset. That revenue comes from Sky Agent allocations through Spark, Grove and other agents into onchain lending and institutional credit, from yield on the USD Coin reserves held in the peg stability module, from borrowing fees on crypto collateral vaults, and from legacy real world asset vaults. sDAI is the legacy savings product of the protocol and Sky is migrating users toward USDS and sUSDS, so the DAI Savings Rate is generally set below the Sky Savings Rate. The deployments on Base and Optimism are bridged representations of the Ethereum vault and do not themselves hold the underlying DAI.
DeFi Yield Opportunities (13)
Pool | Reference | Protocol | Chain | 30d Trend | ||||
|---|---|---|---|---|---|---|---|---|
| 1sDAISavings Dai | DAI | $204.67m | 1.25% | Stable 100 | 1,854 | |||
| 2sDAISavings xDAI | WXDAI | $54.84m | 4.07% | Stable 98 | 28,828 | |||
| 3aGnosDAIAave Gnosis sDAI | sDAI | $7.7m | 0.00% | Stable 100 | 280 | |||
| 4MtEthenasDAI/sUSDe | sDAI-sUSDe | $5.44m | 3.76% | Stable 88 | 102 | |||
| 5FRAXsDAIFRAXsDAI | FRAX-sDAI | $203,468 | 0.12%0.12%+<0.01% | Stable 87 | 7 | |||
| 6USDC-sDAICL1 - 0.01% | USDC-sDAI | $52,401 | 2.46%+2.46% | Stable 92 | 0 | |||
| 7FRAXsDAIFRAXsDAI | FRAX-sDAI | $50,873 | 0.12% | Stable 87 | 7 | |||
| 8aEthsDAIAave Ethereum sDAI | sDAI | $50,508 | 0.00% | Stable 100 | 89 | |||
| 9spsDAISpark sDAI | sDAI | $44,407 | 0.00% | Stable 100 | 73 | |||
| 10sdai-usdmsDAI/USDM Rebase Enjoyer Pool | sDAI-USDM | $41,141 | 0.48% | Stable 97 | 5 |