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.
MakerDAO just announced on Twitter that MKR holders can vote for the activation of Multi-Collateral Dai. If the vote is passed, Multi-Collateral Dai will be released no later than Monday, November 18th. The Maker Foundation Interim Risk Team has placed an Executive Vote proposal into the voting system to ratify the collection of system parameters
Mariano Conti, Head of Smart Contracts at the MakerDAO Foundation announced a new site called Sai Sats today on twitter. The site acts as a live feed for information such as Sai supply, the debt ceiling, Ethereum locked and the Collateralization Ratio. Say hello to Sai Stats!https://t.co/1bzqOL2aoS — 👹Mariano Conti | conti.eth (@nanexcool) November 10,
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
Soon, MakerDAO will be cutting support for SAI to focus on the upgraded stablecoin, DAI. This means that anyone who holds SAI on an exchange, in a wallet, or has a SAI CDP will need to convert their holdings to DAI. Eventually, MakerDAO will be initiating a global settlement phase, where DAI will be subject
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’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