DAI is the original decentralized stablecoin, created by MakerDAO. Backed by over-collateralized crypto assets and real-world assets, fully transparent on-chain. One of the most battle-tested and integrated DeFi primitives.
Market Cap
$4.21B
Peg Deviation
+0.107%
Regulatory Grade
C+
Regulatory Score
56/100
Issuer & Reserve Details
Issuer
MakerDAO
Issuer Type
Decentralized DAO
Treasury Transparency
On-Chain
Backing Type
Hybrid
Reserve CompositionMulti-collateral: ETH, WBTC, stETH, and RWA (US Treasuries via Monetalis, Coinbase Custody USDC). ~40% backed by RWA, ~60% crypto. All vaults visible on-chain via makerburn.com.
Peg MechanismOver-collateralized CDP vaults. Liquidation auctions if collateral ratio drops below threshold. PSM (Peg Stability Module) allows 1:1 swap with USDC.
Regulatory Scorecard
Reserve CompositionCrypto-collateralized (not GENIUS compliant)
Partial11/20
Audit & TransparencyReal-Time (On-Chain) audits by Trail of Bits, Runtime Verification
Partial15/20
Redemption RightsCrypto-only redemption
Partial11/15
Issuer LicensingNo traditional license (DAO)
Non-Compliant2/15
Consumer ProtectionConsumer protections in place
Partial9/15
CLARITY ClassificationCrypto-backed — not a permitted payment stablecoin
Partial8/15
Reserve Assets
Overcollateralized Crypto
Audit Frequency
Real-Time (On-Chain) by Trail of Bits, Runtime Verification
Redemption
Instant (On-Chain)
License
DAO / No License
Classification
Crypto-Collateralized
Backing Ratio
150%
Top Yields for DAI
Source: DeFiLlama
| Platform | Chain | Type | Yield Source | APY | TVL | Safety | Links |
|---|---|---|---|---|---|---|---|
 beefy |  Ethereum | DeFi | Unknown | 14.51% | $4.1M | C · 57 | |
 sushiswap-v3 Audited | Ethereum | DeFi | Unknown | 12.38% | $8.8M | B · 75 | |
 uniswap-v3 Multiple Audits |  Arbitrum | DeFi | LP Fees | 10.83% | $119,753 | B · 79 | |
uniswap-v3 Multiple Audits | Ethereum | DeFi | LP Fees | 9.85% | $3.6M | A · 88 | |
 uniswap-v4 |  Polygon | DeFi | Unknown | 9.20% | $535,004 | D · 53 | |
uniswap-v4 | Ethereum | DeFi | Unknown | 8.23% | $115,529 | C · 56 | |
 sushiswap Audited | Ethereum | DeFi | Unknown | 8.16% | $144,197 | B · 74 | |
uniswap-v3 Multiple Audits | Ethereum | DeFi | LP Fees | 7.87% | $2.1M | A · 88 |
Audit & Attestation History
No audit records available
Disclaimer: Compliance scores are for informational purposes only and do not constitute financial or legal advice. Regulatory scores are based on the GENIUS Act (S.1582) and CLARITY Act (H.R.3633) frameworks using publicly available information. The GENIUS Act takes effect no later than January 18, 2027. Always conduct your own research.
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