DAI debt ceiling raised by 20 million

On November 6th, for the first time ever, 100 million DAI (or SAI) were in circulation. This was the ceiling for outstanding DAI and Maker had to respond by initiating a vote to raise the capacity. Within a day, around 59,000 Maker tokens were in favor for raising the ceiling, totaling to about $37 million

MakerDAO wants us to start calling DAI, SAI

MakerDAO’s new innovation, Multi-Collateral DAI (MCD) is planned for release this month pending a vote. Since everyone should be moving to MCD, Maker wants people to call the old DAI, SAI. The reasoning behind this is to start spreading awareness to the differences of DAI and MCD. DAI is created by sticking Ethereum in a

WTF is a DAI stablecoin!?

Stablecoins are pretty self explanatory — They are cryptocurrency pegged to the value of a fiat currency. The idea is a result of an urge to use blockchain technology for payments without having to deal with volatile investments. Some people don’t know that there are two types of stablecoins though. The newer and less intuitive