STABLECOIN / USD
DAI
Dai, issued by Sky Ecosystem. Multi-collateral protocol token.
Supply snapshot: 2026-09-14. API captured 2026-09-14 12:10:59 UTC. Price-update time is not supplied by the provider. Selected document fields reviewed 2026-09-12; other fields need review.
OVERVIEW
What is DAI?
Dai (DAI) is a USD-denominated multi-collateral protocol token stablecoin associated with Sky Ecosystem. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
ISSUER / OPERATORSky Ecosystem
BACKING MODELCrypto + RWA collateral
REDEMPTION ROUTEProtocol conversion routes
DOCUMENT REVIEW / 2026-09-12
What the sources establish.
The token contract is not a bank balance
Sky's developer documentation describes the Dai ERC-20 contract and DaiJoin adapters that connect external token balances to protocol accounting. It also warns about unlimited allowances and contract approvals. This is a technical-structure review only; it does not verify the current collateral portfolio, savings rate or a fiat redemption entitlement.
Read the source ↗01 / ISSUER & STRUCTURE
What supports the unit.
- ISSUER
- Sky Ecosystem Not field-reviewed
- UNIT
- USD Not field-reviewed
- RESERVE / COLLATERAL
- Crypto + RWA collateral Not field-reviewed
- YIELD PROFILE
- Optional Not field-reviewed
- ATTESTATION
- Onchain accounting Not field-reviewed
- REGULATORY POSTURE
- DAO-governed Not field-reviewed
- REDEMPTION
- Protocol conversion routes Not field-reviewed
02 / INTERPRETATION
How to read this record.
Only fields with their own dated source link were checked in the latest document review. Other descriptions remain historical reference material, even when a general source link is available.
Market cap is estimated as dated token supply multiplied by the USD price captured from the API. The two inputs are not guaranteed to be simultaneous. Supply change compares exact 30-day history points in token units, not dollar value or investment return. Network counts include tracked bridges.
03 / QUESTIONS
Common questions about DAI.
What is DAI?
Dai (DAI) is a USD-denominated multi-collateral protocol token stablecoin associated with Sky Ecosystem. This profile separates a market snapshot dated 2026-09-14 from issuer-document reviews.
Who issues DAI?
The Stablrcoin record identifies Sky Ecosystem as the issuer, operator or governing organization associated with Dai. The exact legal role can differ between company-issued tokens and decentralized protocols, so the linked primary source remains authoritative.
What backs DAI?
The directory describes the reserve or collateral model as Crypto + RWA collateral. That field has not been individually verified in the latest document review and should be treated as a research lead.
Can DAI be redeemed?
The recorded redemption route is: Protocol conversion routes. The route has not been individually verified in the latest document review. Eligibility, minimums, settlement windows and fees can still depend on the issuer, account type and jurisdiction.
Does DAI pay yield?
The listed yield profile is Optional. Yield from a separate wrapper, savings product or protocol position is not the same as yield built into the stablecoin itself and can introduce additional risks.