Sky Savings Dai(sDAI)Onchain Marketcap$165.07m
Onchain Marketcap by chain
Ethereum$164.93m
OP Mainnet$148,402
Base$153
Key Metrics
Active Marketcap$165.07m
Ethereum$164.93m
OP Mainnet$148,402
Base$153
DeFi Active TVL$6.11m
World Chain$1.77m
Ethereum$1.77m
Curve DEX$1.76m
Ethereum$1.76m
Aevo Perps$1.53m
Ethereum$1.53m
Fuel Bridge$237,058
Ethereum$237,058
Optimism Bridge$169,791
Ethereum$169,791
ApeChain Bridge$161,074
Ethereum$161,074
Corn Kernels$68,426
Ethereum$68,426
Uniswap V3$62,983
Ethereum$62,983
Velodrome V3$51,676
OP Mainnet$51,676
Aave V3$50,537
Ethereum$50,537
UwU Lend (Treasury)$44,109
Ethereum$44,109
SparkLend$43,480
Ethereum$43,480
Reserve Protocol$36,161
Ethereum$36,161
Euler V2$34,797
Ethereum$34,797
Seer$31,003
Ethereum$31,003
OpenGDP Shared Security$16,671
Ethereum$16,671
Pendle V2$15,128
Ethereum$15,128
PulseChain Bridge$6,093
Ethereum$6,093
Bankless (Treasury)$5,655
Ethereum$5,655
Fraxtal$3,844
Ethereum$3,844
Radiant V2$2,686
Ethereum$2,686
Sophon Bridge$1,989
Ethereum$1,989
UwU Lend$1,500
Ethereum$1,500
xDAI Stake Bridge$1,188
Ethereum$1,188
Balancer V3$1,065
Ethereum$1,065
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
Ajna V2$100
Ethereum$100
Timeless Finance$97
Ethereum$97
Polygon Bridge$71
Ethereum$71
Morpho Blue$70
Ethereum$70
Hyperdrive$52
Ethereum$52
Ajna V1$51
Ethereum$51
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 (11)
Pool | Reference | Protocol | Chain | 30d Trend | ||||
|---|---|---|---|---|---|---|---|---|
| 1sDAISavings Dai | DAI | $202.75m | 1.25% | Stable 100 | 1,867 | |||
| 2sDAISavings xDAI | WXDAI | $50.2m | 4.24% | Stable 98 | 28,883 | |||
| 3aGnosDAIAave Gnosis sDAI | sDAI | $6.24m | 0.00% | Stable 100 | 274 | |||
| 4MtEthenasDAI/sUSDe | sDAI-sUSDe | $3.71m | 3.42% | Stable 87 | 103 | |||
| 5FRAXsDAIFRAXsDAI | FRAX-sDAI | $203,499 | 0.14%0.14%+<0.01% | Stable 91 | 7 | |||
| 6USDC-sDAICL1 - 0.01% | USDC-sDAI | $52,404 | 2.84%+2.84% | Stable 87 | 0 | |||
| 7FRAXsDAIFRAXsDAI | FRAX-sDAI | $50,880 | 0.14% | Stable 91 | 7 | |||
| 8aEthsDAIAave Ethereum sDAI | sDAI | $50,541 | 0.00% | Stable 100 | 89 | |||
| 9spsDAISpark sDAI | sDAI | $43,483 | 0.00% | Stable 100 | 71 | |||
| 10sdai-usdmsDAI/USDM Rebase Enjoyer Pool | sDAI-USDM | $41,130 | 0.47% | Stable 96 | 5 |