Sky Savings Dai(sDAI)Onchain Marketcap$166.68m
Onchain Marketcap by chain
Ethereum$166.53m
OP Mainnet$148,324
Base$153
Key Metrics
Active Marketcap$166.68m
Ethereum$166.53m
OP Mainnet$148,324
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$236,923
Ethereum$236,923
Optimism Bridge$169,696
Ethereum$169,696
ApeChain Bridge$168,123
Ethereum$168,123
Corn Kernels$68,387
Ethereum$68,387
Uniswap V3$62,948
Ethereum$62,948
Velodrome V3$51,744
OP Mainnet$51,744
Aave V3$50,508
Ethereum$50,508
SparkLend$44,407
Ethereum$44,407
UwU Lend (Treasury)$44,084
Ethereum$44,084
Reserve Protocol$36,184
Ethereum$36,184
Euler V2$34,777
Ethereum$34,777
Seer$30,985
Ethereum$30,985
OpenGDP Shared Security$16,662
Ethereum$16,662
Pendle$15,120
Ethereum$15,120
PulseChain Bridge$6,866
Ethereum$6,866
Bankless (Treasury)$5,651
Ethereum$5,651
Fraxtal$3,842
Ethereum$3,842
Radiant V2$3,208
Ethereum$3,208
Sophon Bridge$1,987
Ethereum$1,987
UwU Lend$1,499
Ethereum$1,499
xDAI Stake Bridge$1,187
Ethereum$1,187
Balancer V3$1,036
Ethereum$1,036
Derive V2$667
OP Mainnet$552
Ethereum$115
Uniswap V4$525
Ethereum$525
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.