Sai, formerly Dai has seen $1.2 million in liquidations today with a supply of $45 million. A few months ago, Sai’s supply was around $100 million before the release of the new Multi-Collateral Dai, which is now called Dai. Sai is created by collateralizing Ethereum worth 150% of the Sai a user is taking out.
Cryptocult just confirmed with Coulter Mulligan, Head of Marketing at MakerDAO that the Multi-Collateral iteration of DAI will be listed on Coinbase within 1 to 3 weeks of its release. “Unsure of the exact date but they plan on adding Dai (MCD) in first 1-3 weeks so either the change will happen Nov 18 or
One Maker voter with 97% of the voting power changed the DAI interest rate by 4%. After the vote, the DAI “stability fee” was decreased from 9.5% to 5.5% The address apparently owns 7.5% of total Maker in existence and due to low participation, was able to take the vote into their own hands. Wow.