Record sog_issuer_makerdao_sky
MakerDAO / Sky
MakerDAO, now part of the wider Sky ecosystem, created DAI and later introduced USDS and related products.
- Category
- Protocol or software system
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Unknown or not publicly resolved
Scope: Unknown or not publicly resolved - Connected assets
- 5
- Relationships
- 4 current
1 historical - Evidence
- 15 source records
Reviewed identity
Organization summary
The primary category, regulatory character, jurisdiction, asset count, relationship count, and Evidence count are already shown above.MakerDAO, now part of the wider Sky ecosystem, created DAI and later introduced USDS and related products.
- Legal form
- Not recorded in canonical data
- Functional roles
- Protocol operator
- Official website
- https://sky.money/
- Record confidence
- Medium
- Last reviewed
- 2026-06-01
Connected assets
Relationships
Current, ended, and unknown relationships remain separate. Primary display is navigation only.| Stablecoin | Role | Period | State | Lifecycle |
|---|---|---|---|---|
| DaiPrimary display | Protocol operator | 2017-12-18 – Not yet recorded | Active relationship | Active |
| Savings DAIPrimary display | Protocol operator | Not yet recorded – Not yet recorded | Active relationship | Restricted |
| Savings USDSPrimary display | Protocol operator | Not yet recorded – Not yet recorded | Active relationship | Active |
| USDSPrimary display | Protocol operator | 2024-08-27 – Not yet recorded | Active relationship | Active |
| Single-Collateral DaiPrimary display | Protocol operator | 2017-12-18 – 2019-11-18 | Ended relationship | Migrated |
Dai
PrimaryProtocol operator
2017-12-18 – Present / not recordedSavings DAI
PrimaryProtocol operator
Start not recorded – Present / not recordedSavings USDS
PrimaryProtocol operator
Start not recorded – Present / not recordedUSDS
PrimaryProtocol operator
2024-08-27 – Present / not recordedSingle-Collateral Dai
PrimaryProtocol operator
2017-12-18 – 2019-11-18Material history
Events
The five latest typed events are shown first. Control actions remain linked to evidence.| Date | Event | Type | Effect |
|---|---|---|---|
| 2026-06-15 | sDAI retained with limited legacy status after the Sky transition | Status ReviewLifecycle review | Restricted or impaired |
| 2024-09-18 | sUSDS activates in the Sky Token and Product Launch | LaunchLaunch and introduction | No lifecycle change |
| 2024-08-27 | MakerDAO introduces the Sky brand and USDS | Rebrand or Lifecycle TransitionMigration and rebrand | No lifecycle change |
| 2024-08-27 | USDS launch and Sky transition context | LaunchLaunch and introduction | No lifecycle change |
| 2023-05-09 | Savings DAI becomes publicly available through Spark Protocol | LaunchLaunch and introduction | No lifecycle change |
sDAI retained with limited legacy status after the Sky transition
Status Review
Restricted or impairedsUSDS activates in the Sky Token and Product Launch
Launch
No lifecycle changeMakerDAO introduces the Sky brand and USDS
Rebrand or Lifecycle Transition
No lifecycle changeUSDS launch and Sky transition context
Launch
No lifecycle changeSavings DAI becomes publicly available through Spark Protocol
Launch
No lifecycle changeShow 4 earlier events
- Dai and MakerDAO during Black ThursdayNo lifecycle change
- Multi-Collateral Dai launchNo lifecycle change
- Single-Collateral Dai becomes SAI during the Multi-Collateral Dai launchMigrated
- sUSDS becomes the active Sky Savings Rate vault shareRemained active
Provenance
Evidence
The first ten source records are shown initially. Source identity, publication date, reliability, and archive state remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| MakerDAO / Sky documentation for Dai Published Not yet recorded | Sky / MakerDAO ecosystem | Official statement or announcement Canonical: Issuer Statement | Subject-controlled source | Primary source | Collateral Model, Entity Lifecycle, Dai Lifecycle Context | No archive recorded | Medium |
| MakerDAO governance/forum lifecycle reference Published Not yet recorded | Sky / MakerDAO governance forum | Governance record Canonical: Governance Reference | Governance primary source | Primary source | Governance Lifecycle, Black Thursday Context | Direct archived snapshot | Medium |
| Sky.money page Published Not yet recorded | Sky.money | Official documentation or product page Canonical: Protocol Page | Subject-controlled source | Primary source | USDS, sUSDS, Sky Savings Rate, non-custodial access, yield disclaimers, US availability notes, and protocol/interface separation, Dai Sky Lifecycle Context, Protocol Asset Classification, Protocol Collateral Backing, Usdc Usds Conversion, Decentralized Governance, Non Custodial Interface Separation, Usds Protocol Asset Collateral System Conversion and Non Custodial Interface Separation | No archive recorded | High |
| sUSDS page Published Not yet recorded | Sky.money | Official documentation or product page Canonical: Product Page | Subject-controlled source | Primary source | sUSDS, Sky Savings Rate, USDS to sUSDS flow, liquidity, rate governance, and withdrawal context, Active Product, Sky Savings Rate, Current Access, Current Product Status | Archive index or wildcard | High |
| The Maker Protocol White Paper Published Not yet recorded | MakerDAO / Sky | Technical documentation or repository Canonical: Official Whitepaper | Subject-controlled source | Primary source | protocol asset structure, collateralized generation, vault collateral control, and absence of conventional issuer redemption claim | Direct archived snapshot | High |
| Multi-Collateral Dai is live Published 2019-11-18 | MakerDAO | Official statement or announcement Canonical: Official Statement | Subject-controlled source | Primary source | Migration Event, Launch date, Identity Transition | Archive index or wildcard | High |
MakerDAO / Sky documentation for Dai
- Publisher
- Sky / MakerDAO ecosystem
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Collateral Model, Entity Lifecycle, Dai Lifecycle Context
- Archive
- No archive recorded
- Reliability
- Medium
MakerDAO governance/forum lifecycle reference
- Publisher
- Sky / MakerDAO governance forum
- Published
- Not yet recorded
- Provenance
- Governance primary source
- Primary or secondary
- Primary source
- Supported claims
- Governance Lifecycle, Black Thursday Context
- Archive
- Direct archived snapshot
- Reliability
- Medium
Sky.money page
- Publisher
- Sky.money
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- USDS, sUSDS, Sky Savings Rate, non-custodial access, yield disclaimers, US availability notes, and protocol/interface separation, Dai Sky Lifecycle Context, Protocol Asset Classification, Protocol Collateral Backing, Usdc Usds Conversion, Decentralized Governance, Non Custodial Interface Separation, Usds Protocol Asset Collateral System Conversion and Non Custodial Interface Separation
- Archive
- No archive recorded
- Reliability
- High
sUSDS page
- Publisher
- Sky.money
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- sUSDS, Sky Savings Rate, USDS to sUSDS flow, liquidity, rate governance, and withdrawal context, Active Product, Sky Savings Rate, Current Access, Current Product Status
- Archive
- Archive index or wildcard
- Reliability
- High
The Maker Protocol White Paper
- Publisher
- MakerDAO / Sky
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- protocol asset structure, collateralized generation, vault collateral control, and absence of conventional issuer redemption claim
- Archive
- Direct archived snapshot
- Reliability
- High
Multi-Collateral Dai is live
- Publisher
- MakerDAO
- Published
- 2019-11-18
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Migration Event, Launch date, Identity Transition
- Archive
- Archive index or wildcard
- Reliability
- High
Show 11 additional source records
| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| sUSDS page Published Not yet recorded | Sky.money | Official documentation or product page Canonical: Product Page | Subject-controlled source | Primary source | sUSDS, Sky Savings Rate, USDS to sUSDS flow, liquidity, rate governance, and withdrawal context, Active Product, Sky Savings Rate, Current Access, Current Product Status | Archive index or wildcard | High |
| Single-Collateral Dai to Multi-Collateral Dai migration documentation Published Not yet recorded | MakerDAO Documentation | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Migration Mechanics, Redemption Exit, Identity Transition | Archive index or wildcard | High |
| SAI token contract on Ethereum Published Not yet recorded | Etherscan | On-chain record or explorer Canonical: Onchain Contract | Technical primary source | Primary source | Contract Identity, Ethereum Deployment | No archive recorded | High |
| 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 |
| sUSDS token and vault Published Not yet recorded | Sky Protocol | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Erc4626, Deposit Usds, Withdraw Usds, Active Deployment, Entity and Vault Mechanics | 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 |
sUSDS page
- Publisher
- Sky.money
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- sUSDS, Sky Savings Rate, USDS to sUSDS flow, liquidity, rate governance, and withdrawal context, Active Product, Sky Savings Rate, Current Access, Current Product Status
- Archive
- Archive index or wildcard
- Reliability
- High
Single-Collateral Dai to Multi-Collateral Dai migration documentation
- Publisher
- MakerDAO Documentation
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Migration Mechanics, Redemption Exit, Identity Transition
- Archive
- Archive index or wildcard
- Reliability
- High
SAI token contract on Ethereum
- Publisher
- Etherscan
- Published
- Not yet recorded
- Provenance
- Technical primary source
- Primary or secondary
- Primary source
- Supported claims
- Contract Identity, Ethereum Deployment
- Archive
- No archive recorded
- Reliability
- High
Sky Protocol token routes
- Publisher
- Sky Protocol
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Sdai Exists, Susds Difference, Legacy Route Context, Current Token Relationships, Usds Deposit, Susds Withdrawal, No Protocol Fee, Subscription and Redemption Route
- Archive
- Archive index or wildcard
- Reliability
- High
Sky sDAI smart-contract repository
- Publisher
- Sky Ecosystem
- Published
- Not yet recorded
- Provenance
- Technical primary source
- Primary or secondary
- Primary source
- Supported claims
- Erc4626 Contract, Dai Underlying, Contract Continuity, Contract Identity
- Archive
- Archive index or wildcard
- Reliability
- High
Dai Savings Rate documentation
- Publisher
- MakerDAO
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Dai Savings Rate, Exchange Rate Accrual, Protocol Determined Rate, Underlying Savings Mechanism
- Archive
- Archive index or wildcard
- Reliability
- High
sUSDS token and vault
- Publisher
- Sky Protocol
- Published
- Not yet recorded
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Erc4626, Deposit Usds, Withdraw Usds, Active Deployment, Entity and Vault Mechanics
- Archive
- Archive index or wildcard
- Reliability
- High
- Publisher
- Sky Governance
- Published
- 2024-09-06
- Provenance
- Governance primary source
- Primary or secondary
- Primary source
- Supported claims
- Launch date, Product Activation, Sky Savings Rate, Lineage, Susds Product Launch and Activation Date
- Archive
- Archive index or wildcard
- Reliability
- High
Maker announces Spark Protocol availability for all DeFi users
- Publisher
- MakerDAO
- Published
- 2023-05-08
- Provenance
- Subject-controlled source
- Primary or secondary
- Primary source
- Supported claims
- Launch date, Spark Protocol, Public Availability, Sdai Support, Public Launch and Availability
- Archive
- Archive index or wildcard
- Reliability
- High
SavingsDai contract creation on Ethereum
- Publisher
- Etherscan
- Published
- 2023-01-17
- Provenance
- Technical primary source
- Primary or secondary
- Primary source
- Supported claims
- Ethereum Deployment, Contract Address, Deployment Date, Prelaunch Boundary, Contract Deployment Before Public Launch
- Archive
- Archive index or wildcard
- Reliability
- High
UncertaintyKnown unknowns15
Lifecycle Transition
DAI, Sky, USDS, MKR/SKY, savings products, upgrade/conversion flows, and related successor or parallel token lifecycle details require dedicated source-backed lifecycle records.
Medium · last checked 2026-06-04PR-024D records Sky.money and docs entry points but still needs exact DAI/USDS lifecycle proposal or product pages.
Collateral Composition
DAI collateral composition, real-world asset exposure, PSM exposure, surplus buffer, and protocol risk parameters need exact dashboard or documentation sources before SOG displays a historical collateral timeline.
Medium · last checked 2026-06-04Keep DAI as protocol-based and avoid issuer-reserve framing. PR-024D does not yet select canonical collateral dashboard sources.
Redemption Mechanics
DAI redemption-like exits through protocol mechanisms, market liquidity, PSM-like flows, USDS/Sky upgrade or conversion flows, and successor product routes need source-specific explanation and should not be described as fiat-backed issuer redemption.
Medium · last checked 2026-06-04PR-024D explicitly separates DAI protocol exits from fiat-backed issuer redemption models.
Dai Usds Upgrade Path
The exact lifecycle relationship between DAI and USDS, including upgrade, conversion, reversibility, app flow, and any future migration changes, needs source-specific protocol documentation before final lifecycle treatment.
Medium · last checked 2026-06-05PR-028E separates DAI/USDS lifecycle from savings-token context.
Susds Relationship
sUSDS is a related savings token and should not be merged into the USDS stablecoin record. Exact mint, withdrawal, rate, liquidity, and contract behavior need dedicated source-backed treatment.
Medium · last checked 2026-06-05PR-028E records sUSDS as related context rather than as the same asset.
Collateral Composition
USDS collateral composition, protocol exposure, reserve-style reporting, and how these relate to legacy MakerDAO or current Sky disclosures need exact protocol and dashboard sources.
Medium · last checked 2026-06-05A fiat-reserve framing is not appropriate for USDS without protocol-specific context.
Rates and Governance
Sky Savings Rate and related rates can change through protocol governance. Current rates, governing modules, and effective dates should not be represented as static guaranteed product terms.
Medium · last checked 2026-06-05PR-028E keeps rate context separate from stablecoin status and avoids yield guarantees.
Chain Contracts
USDS, sUSDS, stUSDS, bridge, and chain-by-chain contract references need exact developer-doc, chainlog, or verified explorer sources before final addresses are displayed.
Medium · last checked 2026-06-05PR-028E added documentation entry points but not final contract records.
Interface Availability
Sky.money interface access, regional availability, USDS product availability, and protocol access should be separated because interface restrictions do not necessarily equal protocol unavailability.
Medium · last checked 2026-06-05Keep interface access, protocol access, and secondary-market availability distinct.
Remaining Migration and Settlement State
The exact amount of SAI still outstanding and the current usability of every migration or shutdown-settlement contract were not fully verified in this review.
Medium · last checked 2026-06-14Do not treat historical migration documentation as proof that every current interface remains operational.
Final Supply and Residual Holders
Residual SAI supply, holder distribution, and final settlement outcomes require direct on-chain analysis.
Low · last checked 2026-06-14Historical token existence does not imply active issuance.
Current First Party Interface Support
The sDAI contract lineage remains documented, but the extent of current first-party interface support is not fully normalized.
High · last checked 2026-06-15Basis for limited status rather than active or terminated.
Future Sunset or Migration Policy
No authoritative source in this batch establishes a final sDAI termination date or mandatory migration to sUSDS.
Medium · last checked 2026-06-15Do not mark terminated or migrated without a primary source.
Exact Launch Date
Current official documentation establishes the active sUSDS vault but the canonical day-level launch date is not fixed in this batch.
Low · last checked 2026-06-15Keep launch date null pending a dated primary source.
Current Sky Savings Rate
The Sky Savings Rate is governance-determined and variable; the live rate is not stored as a static canonical fact.
Medium · last checked 2026-06-15Suitable for monitoring, not static entity data.
Maintenance