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Record sog_st_sdai

sDAISavings DAI

Also recorded as sDAI, Savings DAI

Restricted

Lifecycle: Restricted
Issuance: Restricted
Reference target: US dollar
Primary organization: MakerDAO / Sky
No 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

Organizations and control

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
Relationship coverage: 1 recorded relationship

Control and relationship coverage

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

All current, ended, and unknown-state organization relationships
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

MakerDAO / Sky

Primary display

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

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: US dollar
Public backing model: Wrapper or receipt
Primary stabilization mechanism: Protocol arbitrage
Redemption / exit model: Restricted
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded

Classification and mechanism details

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.
Canonical backing types: Stablecoin Collateral
Reserve component categories: Stablecoin Collateral
Recorded model description: Erc4626 Savings Wrapper Over Dai
Classification notes: Legacy Maker/Sky savings wrapper retained with limited status after sUSDS became the current savings product.

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.

Reserve profile

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

Redemption profile

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.

Reserve and attestation history

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

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
Ethereum	ERC-4626	Protocol-native or protocol-supported deployment	Restricted	0x83F20F44975D03b1b09e64809B757c47f942BEeA
Technical, canonicality, and control fields Network record state Specific network recorded Canonical deployment type Protocol Native Vault Share Recorded status Restricted Change or proposal state No separate change state recorded Canonicality Native deployment Canonicality record state Canonicality recorded Verification state Identifier recorded; verification not recorded Contract identity state Identifier recorded Freeze Not yet recorded Blacklist Not yet recorded Control events 2 Notes 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.

Network

Ethereum

Restricted

Standard: ERC-4626
Deployment type: Protocol-native or protocol-supported deployment
Contract or identifier: 0x83F20F44975D03b1b09e64809B757c47f942BEeA

Technical, canonicality, and control fields

Network record state: Specific network recorded
Canonical deployment type: Protocol Native Vault Share
Recorded status: Restricted
Change or proposal state: No separate change state recorded
Canonicality: Native deployment
Canonicality record state: Canonicality recorded
Verification state: Identifier recorded; verification not recorded
Contract identity state: Identifier recorded
Freeze: Not yet recorded
Blacklist: Not yet recorded
Control events: 2
Notes: 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.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

6 source identities · 6 evidence relations
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

Official documentation or product page

Sky Protocol token routes

High

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

Technical documentation or repository

Sky sDAI smart-contract repository

High

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

Official documentation or product page

Dai Savings Rate documentation

High

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

Governance record

Sky Protocol Launch Season: Token and Product Launch Parameter Proposal

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

Official statement or announcement

Maker announces Spark Protocol availability for all DeFi users

High

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

On-chain record or explorer

SavingsDai contract creation on Ethereum

High

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

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

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

2026-06-15sDAI retained with limited legacy status after the Sky transitionOther

Event timeline

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.