Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts. *Features of Dai: 1. Dai is always worth $1 USD each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. No government or authority can shut it down *How Dai Works? Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD. When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token. *There are several important reasons why you would create Dai, despite the hassle: 1. You need a loan, and have an asset (ETH) to use as collateral for your loan 2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain. 3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created. These three reasons are enough to ensure that Dai is continually created.
Sai is a cryptocurrency that was established at 2017-12-18. Sai is ranked #739 by market capitalization. Currently the SAI market cap exceeds 39.34M+ Euro. By market capitalization it is ranked #739. Daily trade volume is 354.16 EUR.
The Sai price today in EUR is 14.54. Through the Sai price history, the price ranges from 23.1 EUR (all time high) to 0.767069 EUR (all time low). Sai price last 24 hours fluctuated from 15.64 EUR (24h high) to 14.47 EUR (24h low).
Check the Sai value today and exchange rates with more than 15 cryptocurrencies and fiat currencies including USD EUR GBP CNY JPY BRL RUB UAH INR CZK VND TRY CHF SEK BTC ETH BNB
Homepage: https://makerdao.com/
Block explorers: https://etherscan.io/token/0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359 https://ethplorer.io/address/0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359 https://blockchair.com/ethereum/erc-20/token/0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359
Forums:
Reddit: https://www.reddit.com/r/MakerDAO
Twitter: https://twitter.com/MakerDAO/
Sai live price may differ in various exchanges. Check SAI real-time data to make informed decisions.
You can buy Sai on decentralised or centralised exchanges, via p2p transfers or in individual direct transactions. REVENUEBOT offers an automated trading bot that helps among other things to buy and sell SAI at predefined levels. This way, no matter, day or night, there is no chance to miss the next move. The REVENUEBOT Sai trading robot will buy and sell following the strategy chosen by you.
In short, yes. But manual transactions, however fast, still can not be done in less than a second. That is why automated trading took over both traditional and crypto financial markets. Use the current price of Sai and trade with REVENUEBOT in less than a second.
In short, only if the current value of Sai will be less than the value of Sai at the moment of selling in the future. The Sai chart can only assist the Sai value today versus tomorrow, or the distant future. No one can guarantee you the profit but the REVENUEBOT is free until it brings you money. Please note that information concerning current Sai value or any other information on this page can not be considered investment, trading, financial advice or any sort of recommendation to act in the financial market. The content is provided for informational purposes only.
The answer to these questions depends on the SAI supply. Check the Sai live chart to see the current supply and predict how long it will take for the coins to run out. The total supply of Sai is 2703189.76 SAI, while SAI circulation supply now is 2703189.76 SAI.
There has long been a growing trend in developed countries toward greater independence in the management of individual cities. Due to the COVID-19 pandemic, the authorities of the countries had to und...
In this article, we would like to talk about tokenized assets, because they are now actively conquering the crypto market. Previously, tokenized assets could only be found on specialized platforms, bu...
Year of 2022 has indeed been replete with all sorts of events. We are falling under the impression that it is probably one of the most woeful years on record. Is this actually true?
Among the key problems of the crypto mining industry is the overheating caused by the computing equipment. There is now so much excess heat from mining farms that it warms up the atmosphere, adversely...
As we look back in time, you can see the impact that programming has produced on our world. As a way to salute the contributions of the greatest coders in the world, we compiled a list of 10 iconic pe...
Check the current Sai value, check the converter, and set up your REVENUEBOT in the demo mode, it is all free!
