/ Conviction Index / DAI (MakerDAO / Sky)

DAI (MakerDAO / Sky)

Stablecoin · DAI · Launched Nov 2017 (Single-Collateral); Nov 2019 (Multi-Collateral)
B+

Good (B+) — Conviction Grade

DAI is the leading decentralized stablecoin. Backed by crypto-collateral + T-Bill RWA reserves. MakerDAO → Sky rebrand has introduced parallel USDS stablecoin; DAI continues as the canonical decentralized stable.

83
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A-
Governance Decentralization
B+
Liquidity
B+
Adoption & Utility
B+
Regulatory Posture
B
/ Public-Record Events

Key events & disclosures.

  • Single-Collateral DAI Nov 2017
  • Multi-Collateral DAI Nov 2019
  • Endgame / Sky restructuring 2024
  • Parallel USDS introduction

/ Best for

Decentralized-stablecoin allocation; DeFi-native applications requiring trust-minimized stable representation.

/ Watch out for

Endgame transition has produced governance-contentious changes. Verify your DAI position state during Sky transition.