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Single Collateral DAI (SAI)SAI
$8.9903
Single Collateral DAI (SAI)
SAI Price
$8.9903as of: 9/9/2022
Rank
—
Market Cap (24H)
$27.23M
Volume (24H)
Unknown
Circulating Supply
3,028,980
Transp. Vol.
Grade
1H1D1W1M1Y
SAI
United States Dollar logo
USD
ETH0x89d24...3260359
ETH
Verify address & DYOR
Contract
ETH0x89d24...3260359
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttp://www.makerdao.com/
Single Collateral DAI is a stable cryptocurrency issued by the California-based project MakerDAO. On November 18th, 201...Read more

Single Collateral DAI Price (SAI)

SAI Daily Performance

As of today, the last reported SAI price is $8.9903. Single Collateral DAI's last market cap was $27.23M. 24 hour SAI volume is unknown. It has a market cap rank of unknown with a circulating supply of 3,028,980 and max supply of 3,059,379. Single Collateral DAI is traded on exchanges. Single Collateral DAI had an all-time high of $25.31 11 months ago. Over the last day, Single Collateral DAI has had 0% transparent volume and has been trading on 67 active markets with its highest volume trading pairs being .

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Single Collateral DAI Statistics

Single Collateral DAI Price (24hr)$8.9903 (0.00%)
Market Cap$27.23M
Trading Volume (24hr)Unknown
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating SupplyUnknown
All-Time High
$25.31-64.48%
11/8/2021 (11 months ago)
7D Price Prediction
N/A

Price

$8.9903
Price ChangeUnknown

All-Time High

$25.31
Date of ATH11/8/2021
Days Since ATH322
% of ATH35.52%
Price vs ATH

Market Cap

$27.23M
Mkt Cap ChangeUnknown
Mkt Cap Rank
Mkt Dominance
Mkt Dominance

About Single Collateral DAI

Single Collateral DAI is a stable cryptocurrency issued by the California-based project MakerDAO. On November 18th, 2019, MakerDAO released a new Multi-Collateral DAI token minted in the new system supporting multi collaterals. The previous Single Collateral DAI received a new name SAI. Another change refers to MakreDAO’s Collateralized Debt Position (CDP) which was replaced with the new term “Vault” on the same day.

Up until the specified date, the stable coin DAI issued by MakerDAO was backed only by ethers. On the date mentioned above, MakerDAO added BAT (Basic Attention Token) to the collateral and renamed its key product into Multi-Collateral DAI token. Also, the MakerDAO community is going to add other cryptocurrencies such as DigixDAO (DGD), Augur (REP), OmiseGo (OMG) and others into the basket. The older version under the ticker SAI (Single Collateral DAI) can be easily migrated to the new one on the project’s website.

MakerDAO aims to provide the cryptocurrency market with a solution to reduce the everchanging prices of digital assets. The platform issues stable cryptocurrencies with the value pegged to USD and backed by cryptocurrencies.

Although MakerDAO is not the first and the only one project to set such goals, it’s the only one to provide a solution that follows the key principles of blockchain staying truly transparent and decentralized. Tether, one of the most popular stable coins that are represented in the market at the time of writing, has an opaque issuance model. It claims that for every US dollar that users send to the company’s vault, they issue 1 USDT and thus maintain the stable price of their currency. When currencies are changed backwards, USDT gets burned. But the company doesn’t reveal how they manage to cover the transaction fees leaving a lot of space for hiding the traces. In addition, Tether has been repeatedly accused of market manipulations in conjunction with Bitfinex, one of the biggest cryptocurrency exchange platforms which doesn’t add points to its reputation.

Maker, on the contrary, builds its solution solely on the blockchain technologies, Ether as collateral and smart contracts which help them to conduct all transactions with the maximum transparency. The project has never been subject to any accusations and maintains its reputation in a pretty clean state.

The project is headed by Rune Christensen (CEO and Founder) and Steven Becker (the President and COO). Other team members include Wouter Kampmann, Jeremy Hollister, Coulter Mulligan and many more.

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Single Collateral DAI Markets

(Top 10)
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Single Collateral DAI Historical Data

(Past 7 Days)
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Today's SAI / Single Collateral DAI News for September 26, 2022

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