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Block Analitica DAI Conservative

DAI·Ethereum·curated by Block Analitica
APY7.18%+0.27% vs 30d
TVL$246.1M
Risk score21/ 100
Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12
What this vault actually does

Risk-conservative DAI vault aligned with MakerDAO collateral framework. Heavy buffer of sDAI for instant redemption.

Where the yield comes from

Use MakerDAO-aligned collateral standards to earn lending yield with a redemption-friendly sDAI buffer. Designed for treasuries with strict liquidity requirements.

Why the APY exists

DAI savings rate + organic borrow demand from wstETH and cbBTC users. Conservative LLTVs limit upside but stabilize during stress.

Why institutions may trust it

Curator is one of MakerDAO's longest-standing risk teams. The vault structure mirrors institutional treasury policy with daily NAV and a public model card.

Why they may not

Maker dependency: a USDS migration policy change could materially alter DAI dynamics. Not designed to outperform during high-yield regimes.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Maker governance has been migrating DAI features into Sky/USDS; future changes may alter DSR or sDAI mechanics.

Tail risk; mitigated by Maker PSM and sDAI buffer.

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