DeFi protocol (you keep your wallet, funds sit in a smart contract)
SkyA5/5· Lower risk
Facts last reviewed 24 Sept 2026
Sky (formerly MakerDAO) has issued DAI/USDS since 2017–2019. The only major incident was "Black Thursday" in 3/2020; DAI holders were not affected.
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →
Why this tier
- Meets: Operating since 2019-11 (6 years)
- Meets: Audited by 4 firms: ChainSecurity, Cantina, Trail of Bits, PeckShield
- Meets: Bug bounty programme (Immunefi, up to $10M)
- Meets: Large TVL: $6B
- Meets: No uncovered losses in the last 5 years
- Note: Risk of the asset itself: The solvency of USDS/DAI depends on collateral quality (crypto, real-world assets, USDC) and governance decisions; USDS has a contract-level freeze function.
Tier history
- 29 Sept 2026A· Lower riskLower risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| DAI | 3.73% | Highest rate3.73% | B3/5· Medium risk | Sky · Ethereum | FlexibleWithdraw any time | |
| DAI | 3.73% | Highest rate3.73% | B3/5· Medium risk | Sky · Arbitrum | FlexibleWithdraw any time | |
| DAI | 1.24% | Highest rate1.24% | B3/5· Medium risk | Sky · Ethereum | FlexibleWithdraw any time |
DAITier: A lowest risk, D active incident. The number after the letter is the criteria met.