Sai SAI
1. Summary
Limited data
- 100% of the Sai code repositories are forked (originally copied) from another project.
- Price
-
$17.13 +3.7%
- Market Cap
- $46.17M (#621)
- Supply
- 2.70M / 2.70M
- Tags
- DeFi Ethereum Ecosystem
- Description
-
Overview
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.
| Price | |
| 52W High price | $24.50 |
| 52W High date | 15th Mar 2024 (4 months ago) |
| All Time High (ATH) Date | 14th May 2021 (3 years ago) |
| ATH Price | $25.31 |
| % From ATH | -28.41% |
| All Time Low (ATL) Date | 10th May 2020 (4 years ago) |
| ATL Price | $0.93 |
| % From ATL | 1854.85% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $148.00 |
| Total Supply | 2.70M |
| Max Supply | 2.70M |
| Circulating Supply | 2.70M |
SAI
How does Sai's (SAI) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
15.8%
SAI
-1.6%
Similar Market Cap
60 Day Return
19.0%
SAI
-19.4%
Similar Market Cap
1 Year Return
101.5%
SAI
117.6%
Similar Market Cap
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 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 117
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 181 |
| Past year | 2702 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 897 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 200 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 10 |
| Past year | 184 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 67 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 13 |
Top Developers 2024
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?
Related Projects
Developers working on Sai also worked on these projects.
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 |
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forum.makerdao.com/t/sparkdao-spk-pre-farming-airdrop-general-subdao-farming-overview/2159... Official
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manual.makerdao.com/parameter-index/core/param-dai-savings-rate Official
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forum.makerdao.com/t/request-for-gov12-1-2-edit-to-the-stability-scope-to-quickly-modify-e... Official
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forum.makerdao.com/t/risk-month-in-review-july-2023/21580 Official
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forum.makerdao.com/t/mip102c2-spxx-mip-amendment-subproposal/21579 Official
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forum.makerdao.com/t/stability-scope-parameter-changes-4/21567 Official
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vote.makerdao.com/executive/template-executive-vote-enhanced-dai-savings-rate-activation-s... Official
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forum.makerdao.com/t/smart-burn-engine-performance-to-30-july-2023/21534 Official
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forum.makerdao.com/t/govalpha-emergency-response-recommendations/21512 Official
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forum.makerdao.com/t/spark-lend-on-polygon-zkevm/21506 Official
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forum.makerdao.com/t/protocol-economics-report-2023-06/21491 Official
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vote.makerdao.com/polling/QmSLj3HS Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/sg-forge-socgen-risk-assessment/15638 Official
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forum.makerdao.com/t/mip41c5-sp7-facilitator-offboarding-voluntary-longforwisdom-gov-001/1... Official
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forum.makerdao.com/t/mip41c5-sp7-facilitator-offboarding-voluntary-longforwisdom-gov-001/1... Official
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... |
| @MakerDAO | |
| /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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