Sai Logo

Sai SAI

Sai header image

1. Summary

Limited data

  • 100% of the Sai code repositories are forked (originally copied) from another project.

Ranks

Liquidity
20
Developer
-
Social
98
Momentum (beta)
0
Stack Rank™
-
Price
$19.15 +7.4%
Market Cap
$51.01M (#704)
Supply
2.68M / 2.68M
Tags
DeFi Ethereum Ecosystem
More Metrics
Price
52W High price $21.21
52W High date 9th Dec 2024 (7 months ago)
All Time High (ATH) Date 14th May 2021 (4 years ago)
ATH Price $25.31
% From ATH -63.04%
All Time Low (ATL) Date 10th May 2020 (5 years ago)
ATL Price $0.93
% From ATL 909.26%
Supply & Trading Volume
Trading Volume (24h) $551.00
Total Supply 2.68M
Max Supply 2.68M
Circulating Supply 2.68M
Less Metrics
Description

Overview

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Overview

Sai is a decentralized, collateral-backed stablecoin that maintains a value close to $1 USD. It operates on the Ethereum blockchain, utilizing smart contracts to ensure price stability without any centralized authority.

Features

  • Each Sai is pegged to $1 USD, ensuring a stable value.
  • It can be freely traded like any other ERC20 token.
  • Anyone with an Ethereum wallet can own, accept, and transfer Sai without needing a middleman.
  • Sai can be exchanged without any centralized intermediary.
  • No individual person or company has control over Sai.
  • No government or authority can shut it down.

Functionality

  • Sai is generated through an overcollateralized loan process using MakerDAO's smart contracts.
  • Users deposit approved collateral assets into these contracts, which are then used to mint new Sai.
  • The USD value of the collateral is divided by the minted Sai to maintain a collateralization ratio.
  • If the collateralization ratio falls below a minimum threshold, a portion of the collateral can be sold on a decentralized exchange to pay off the debt.
  • Upon repayment of the loan, the Sai is automatically destroyed, and the collateral is made available for withdrawal.

Key Mechanics

  • Sai's value is maintained through smart contract pricing mechanisms that adjust based on market conditions.
  • When Sai is worth more than $1, mechanisms work to decrease the price.
  • Conversely, when Sai is worth less than $1, mechanisms work to increase the price.

Use Cases

  • Sai can be used as a hedge against market volatility.
  • It provides a stable means of payment or a store of value without relying on traditional currencies.
  • Sai can be used in decentralized margin trading, allowing users to leverage their collateral to generate more Sai.
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2. Price

SAI

Track all markets on TradingView
2.1. Market Performance

How does Sai's (SAI) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-14.1%

SAI

-6.6%

Similar Market Cap

60 Day Return

-36.1%

SAI

-24.4%

Similar Market Cap

1 Year Return

-42.9%

SAI

-41.0%

Similar Market Cap

3. Developer Activity

We're monitoring 27 Sai GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Sai Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 0
  • Past 12 weeks: 0 commits vs. an average of 5
  • Past year: 0 commits vs. an average of 66

Most Active Repos

Solana

Forked from solana-labs/solana

Past week 0
Past 12 weeks 181
Past year 2702
Edge React Gui

Forked from EdgeApp/edge-react-gui

Past week 0
Past 12 weeks 0
Past year 897
Edge Reports Server

Forked from EdgeApp/edge-reports-server

Past week 0
Past 12 weeks 0
Past year 200
Solana Web3.js

Forked from solana-labs/solana-web3.js

Past week 0
Past 12 weeks 10
Past year 184
Edge Exchange Plugins

Forked from EdgeApp/edge-exchange-plugins

Past week 0
Past 12 weeks 0
Past year 67
Js Stellar Base

Forked from stellar/js-stellar-base

Past week 0
Past 12 weeks 0
Past year 13

Top Developers 2025

In total, 127 developers have contributed to Sai over the past year. Who are the most active Sai developers, by commits, over the past year?

jeffwashington

Commits: 208

mvines

Commits: 179

alex-suomi

Commits: 152

t-nelson

Commits: 142

jstarry

Commits: 139

CriesofCarrots

Commits: 128

mkyq

Commits: 120

amanalili

Commits: 120

peachbits

Commits: 113

oJshua

Commits: 83

jackcmay

Commits: 82

behzadnouri

Commits: 71

jeffwashington

Commits: 208

mvines

Commits: 179

alex-suomi

Commits: 152

t-nelson

Commits: 142

jstarry

Commits: 139

CriesofCarrots

Commits: 128

mkyq

Commits: 120

amanalili

Commits: 120

peachbits

Commits: 113

oJshua

Commits: 83

jackcmay

Commits: 82

behzadnouri

Commits: 71

sakridge

Commits: 49

swansontec

Commits: 46

carllin

Commits: 36

ryoqun

Commits: 27

andreyvEze

Commits: 25

danpaul000

Commits: 24

godilite

Commits: 19

dmakarov

Commits: 19

joncinque

Commits: 17

paullinator

Commits: 16

Jon-edge

Commits: 13

tannerdsilva

Commits: 12

RafiaChy

Commits: 11

brooksprumo

Commits: 11

Zy143L

Commits: 10

steviez

Commits: 9

diman-io

Commits: 8

clear-xmr

Commits: 8

samholmes

Commits: 7

rmshea

Commits: 7

garious

Commits: 7

machacekch

Commits: 6

Lichtso

Commits: 6

abrkn

Commits: 5

taozhu-chicago

Commits: 5

hope-with-me

Commits: 5

joeaba

Commits: 4

Serhii-Borodenko

Commits: 4

leoluk

Commits: 4

thomasgonda3

Commits: 4

szgergely

Commits: 4

SamsungGalaxyPlayer

Commits: 3

lijunwangs

Commits: 3

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Related Projects

Developers working on Sai also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 37,027
Active Reddit Users (past 24h) 41
Discord users
Active Discord Users
Telegram Users 769
Twitter followers 265,850
5. News
More News Less News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://makerdao.com/
Explorer https://etherscan.io/token/0x89d24a6b4ccb1b6faa262...
Twitter @MakerDAO
reddit /r/MakerDAO

What is the correct contract address for Sai?

Ethereum 0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359

Has Sai been audited for security?

No security audits found for this project.

Are you the owner of Sai? Edit it here

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