Important Notice
Deposits are not currently available for this coin.
Sai (SAI) is a decentralised stablecoin created by MakerDAO, designed to maintain a stable value relative to the US Dollar. It achieves this stability through a system of Collateralized Debt Positions (CDPs) and autonomous feedback mechanisms, providing a decentralised alternative to traditional stablecoins.
Sai operates on the Ethereum blockchain, using smart contracts to manage its core functionality. Key elements include:
This structure allows Sai to function as a fully decentralised stablecoin, eliminating reliance on centralised issuers.
Sai provides utility across various applications and industries, including:
Key industries include DeFi, e-commerce, trading, and blockchain-based gaming.
Sai was developed by MakerDAO, a pioneering organisation in decentralised finance, to address the need for a stable, decentralised cryptocurrency.
Sai was a groundbreaking project that became one of the first widely adopted decentralised stablecoins in the DeFi space. Its success paved the way for partnerships with projects like OmiseGO and Request Network. However, Sai was eventually replaced by Dai, a multi-collateral version that expanded on Sai’s original concept to support a broader range of assets.