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Record sog_st_sdai
sDAI/Savings DAI
Also recorded as sDAI, Savings DAI
- Lifecycle
- Restricted
- Issuance
- Restricted
- Reference target
- US dollar
- Primary organization
- MakerDAO / SkyNo additional recorded relationship
- Launch
- 2023-05-09
- Redemption
- Restricted
- Backing
- Wrapper or receipt
- Stabilization
- Protocol arbitrage
- Last review
- 2026-06-24
- Evidence
- 6 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Legacy yield-bearing DAI savings vault share from the Maker/Sky protocol, retained with limited status after sUSDS became the current savings product.
| Name | Savings DAI |
|---|---|
| Symbol | sDAI |
| Aliases | sDAI, Savings DAI |
| Asset class | Yield Bearing Stable Receipt |
| Lifecycle status | Restricted |
| Issuance status | Restricted |
| Canonical record ID | sog_st_sdai |
| Route slug | sdai |
| Record confidence | Medium |
| Last reviewed | 2026-06-24 |
- Name
- Savings DAI
- Symbol
- sDAI
- Aliases
- sDAI, Savings DAI
- Asset class
- Yield Bearing Stable Receipt
- Lifecycle status
- Restricted
- Issuance status
- Restricted
- Canonical record ID
sog_st_sdai- Route slug
sdai- Record confidence
- Medium
- Last reviewed
- 2026-06-24
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 6 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 2 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- DAO Governed
- Primary display organization
- MakerDAO / Sky
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 2
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| MakerDAO / Sky | Protocol or software system | Protocol or decentralized system | Unknown or not publicly resolved | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Active relationship |
Protocol or software system
Primary displayMakerDAO / Sky
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Unknown or not publicly resolved
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- Not yet recorded
- Reference methodology
- sDAI is denominated through its redeemable DAI share value and is not fixed at one DAI per token.
- Public backing model
- Wrapper or receipt
- Canonical backing types
- Stablecoin Collateral
- Reserve component categories
- Stablecoin Collateral
- Primary stabilization mechanism
- Protocol arbitrage
- Recorded model description
- Erc4626 Savings Wrapper Over Dai
- Redemption / exit model
- Restricted
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- Legacy Maker/Sky savings wrapper retained with limited status after sUSDS became the current savings product.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- DAI deposited in the sDAI savings vaultStablecoin Collateral · Legacy DAI savings-vault backing.
| Disclosure status | Underlying Dai Protocol Transparency |
|---|---|
| Backing types | Stablecoin Collateral |
| Summary | sDAI represents shares in a DAI savings vault and is economically dependent on DAI and the Maker/Sky savings-rate mechanism. |
| As of | 2026-06-15 |
| Profile confidence | Medium |
- Disclosure status
- Underlying Dai Protocol Transparency
- Backing types
- Stablecoin Collateral
- Summary
- sDAI represents shares in a DAI savings vault and is economically dependent on DAI and the Maker/Sky savings-rate mechanism.
- As of
- 2026-06-15
- Profile confidence
- Medium
| Current status | Restricted |
|---|---|
| Settlement asset | DAI |
| Eligible parties | sDAI holders using the deployed vault contract or compatible interfaces. |
| Retail access | Legacy Protocol Route |
| Institutional access | Legacy Protocol Route |
| Minimum amount | Protocol and transaction dependent. |
| Fee | Network costs apply; the legacy route may not be exposed by current first-party interfaces. |
| Settlement time | Onchain transaction dependent. |
| Regional limits | Current first-party interface support is limited., Direct contract or third-party access may be required. |
- Current status
- Restricted
- Settlement asset
- DAI
- Eligible parties
- sDAI holders using the deployed vault contract or compatible interfaces.
- Retail access
- Legacy Protocol Route
- Institutional access
- Legacy Protocol Route
- Minimum amount
- Protocol and transaction dependent.
- Fee
- Network costs apply; the legacy route may not be exposed by current first-party interfaces.
- Settlement time
- Onchain transaction dependent.
- Regional limits
- Current first-party interface support is limited., Direct contract or third-party access may be required.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | Sky Protocol | Underlying Protocol Transparency | Stablecoin Collateral | Medium |
Sky Protocol
Not yet recorded- Type
- Underlying Protocol Transparency
- Assets covered
- Stablecoin Collateral
- Record confidence
- Medium
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | ERC-4626 | Protocol-native or protocol-supported deployment | Protocol Native Vault Share | Restricted | Restricted | No separate change state recorded | Native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0x83F20F44975D03b1b09e64809B757c47f942BEeA | Not yet recorded | Not yet recorded | 2 | Canonical Ethereum SavingsDai ERC-4626 vault-share contract deployed on 2023-01-17. Public product availability is fixed separately to 2023-05-09 through Maker's Spark Protocol launch announcement. The deployment remains restricted/limited in the current Sky-era view; no termination or mandatory migration is asserted. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Sky Protocol token routes Published Not yet recorded | Sky Protocol | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Sdai Exists, Susds Difference, Legacy Route Context, Current Token Relationships, Usds Deposit, Susds Withdrawal, No Protocol Fee, Subscription and Redemption Route | Archive index or wildcard | High |
| Sky sDAI smart-contract repository Published Not yet recorded | Sky Ecosystem | Technical documentation or repository Canonical: Official Repository | Technical primary source | Primary source | Erc4626 Contract, Dai Underlying, Contract Continuity, Contract Identity | Archive index or wildcard | High |
| Dai Savings Rate documentation Published Not yet recorded | MakerDAO | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Dai Savings Rate, Exchange Rate Accrual, Protocol Determined Rate, Underlying Savings Mechanism | Archive index or wildcard | High |
| Sky Protocol Launch Season: Token and Product Launch Parameter Proposal Published 2024-09-06 | Sky Governance | Governance record Canonical: Official Governance Proposal | Governance primary source | Primary source | Launch Date, Product Activation, Sky Savings Rate, Lineage, Susds Product Launch and Activation Date | Archive index or wildcard | High |
| Maker announces Spark Protocol availability for all DeFi users Published 2023-05-08 | MakerDAO | Official statement or announcement Canonical: Official Social | Subject-controlled source | Primary source | Launch Date, Spark Protocol, Public Availability, Sdai Support, Public Launch and Availability | Archive index or wildcard | High |
| SavingsDai contract creation on Ethereum Published 2023-01-17 | Etherscan | On-chain record or explorer Canonical: Onchain Explorer | Technical primary source | Primary source | Ethereum Deployment, Contract Address, Deployment Date, Prelaunch Boundary, Contract Deployment Before Public Launch | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Current First Party Interface Support | The sDAI contract lineage remains documented, but the extent of current first-party interface support is not fully normalized. | Unknown after review | High | 2026-06-15 |
| Future Sunset or Migration Policy | No authoritative source in this batch establishes a final sDAI termination date or mandatory migration to sUSDS. | Unknown after review | Medium | 2026-06-15 |
Current First Party Interface Support
The sDAI contract lineage remains documented, but the extent of current first-party interface support is not fully normalized.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-15
Future Sunset or Migration Policy
No authoritative source in this batch establishes a final sDAI termination date or mandatory migration to sUSDS.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-15
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2023-05-09 | Savings DAI becomes publicly available through Spark Protocol | Launch and introduction | Launch | No lifecycle change | Not applicable |
| 2026-06-15 | sDAI retained with limited legacy status after the Sky transition | Lifecycle review | Status Review | Restricted or impaired | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- MakerDAO / SkyUnknown or not publicly resolved
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.