STABLE OR GONE Stablecoin history, events, and sources
Stablecoin record

Savings DAI

Legacy yield-bearing DAI savings vault share from the Maker/Sky protocol, retained with limited status after sUSDS became the current savings product.

LifecycleRestricted
Events1
Sources3
Overview
SymbolsDAI
Asset classYield Bearing Stable Receipt
Reference targetFiat
Redemption / exit modelRestricted
Valuation sourcePublic information is incomplete
Yield / rebase profileNone recorded
Classification notesLegacy Maker/Sky savings wrapper retained with limited status after sUSDS became the current savings product.
Lifecycle statusRestricted
Issuance statusRestricted
Peg referenceFiat · USD
Backing typesStablecoin Collateral
StabilizationProtocol Arbitrage
GovernanceDAO Governed
Primary organizationMakerDAO / Sky
Primary roleProtocol Operator
Last reviewed2026-06-15
Organizations and roles
OrganizationRoleFromUntilRelationship status
MakerDAO / SkyProtocol Operator——Active

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Compare this record with the rest of the archive.

MakerDAO / Sky

Protocol Ecosystem · Unknown

Event history

1 event connected to this stablecoin.

Reserve profile
Disclosure statusUnderlying Dai Protocol Transparency
Backing typesStablecoin Collateral
SummarysDAI represents shares in a DAI savings vault and is economically dependent on DAI and the Maker/Sky savings-rate mechanism.
As of2026-06-15
Profile confidenceMedium
Redemption profile
Current statusRestricted
Settlement assetDAI
Eligible partiessDAI holders using the deployed vault contract or compatible interfaces.
Retail accessLegacy Protocol Route
Institutional accessLegacy Protocol Route
Minimum amountProtocol and transaction dependent.
FeeNetwork costs apply; the legacy route may not be exposed by current first-party interfaces.
Settlement timeOnchain transaction dependent.
Regional limitsCurrent first-party interface support is limited., Direct contract or third-party access may be required.
Record coverage
SectionEntries
Organizations1
Sources3
Reserve reports1
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events1
Event timeline
DateEventTypeDetail kindRecovered
2026-06-15sDAI retained with limited legacy status after the Sky transitionStatus ReviewOther—
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
—Sky ProtocolUnderlying Protocol TransparencyStablecoin CollateralMedium
Regulatory and official notices
DateTitleAuthority / publisherTypeSummary
No regulatory notes have been added yet.
Blockchain deployments
ChainStandardDeploymentStatusFreezeBlacklistControl eventsContractNotes
EthereumERC-4626Protocol Native Vault ShareRestrictedUnknownUnknown1Not yet verifiedLegacy Ethereum sDAI vault-share deployment recorded as restricted/limited; exact address remains for a contract-map pass.
Sources
SourcePublisherTypeEvidence scopeReliability
Sky Protocol token routesSky ProtocolOfficial DocumentationSdai Exists, Susds Difference, Legacy Route Context, Current Token RelationshipsHigh
Sky sDAI smart-contract repositorySky EcosystemOfficial RepositoryErc4626 Contract, Dai Underlying, Contract Continuity, Contract IdentityHigh
Dai Savings Rate documentationMakerDAOOfficial DocumentationDai Savings Rate, Exchange Rate Accrual, Protocol Determined Rate, Underlying Savings MechanismHigh
Open questions
TopicWhat remains unclearPriorityLast checked
Current First Party Interface SupportThe sDAI contract lineage remains documented, but the extent of current first-party interface support is not fully normalized.High2026-06-15
Future Sunset or Migration PolicyNo authoritative source in this batch establishes a final sDAI termination date or mandatory migration to sUSDS.Medium2026-06-15