No, it is only known as a feature. People thinking it is an award are very much mistaken. It is a 24 hour site-wide feature. That is all, nothing more. Talk to any of the admins, or the CV's who post the DD features, and they will tell you the same thing.
The title is Daily Deviation. It is not Daily Deviation Award. It is different from the Deviousness Award.
Please refer to FAQ 61 for further clarification as it was written by the admins.