
Sai PriceSAI
Rank #841
About Sai (SAI)
Contract

0x89d24a6...a23260359
Explorers
etherscan.io
Website
makerdao.com
Community
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 ca
Sai (SAI) Price Trends
No record
24H High$9.61
24H Low$9.21
24H Volume$230.44
Market Cap
$24.63MAll-Time High(ATH)$25.31
Circulating Supply
2.68M SAIAll-Time Low(ATL)$0.9268
Total Supply
2.68M SAIMarket Cap/FDV
100%Max Supply
2.68M SAIFully Diluted Valuation
$24.63MMarket SentimentNeutral
Live Sai (SAI) Price Update
Sai price today is $9.18 with a 24-hour trading volume of $230.44, and as such Sai has a market cap of $24.63M, giving it a market dominance of 0.00090%. The Sai price moved -2.88% in the last 24 hours.
Time period | Change amount | % Change |
---|---|---|
1H | -$0.1058 | -1.14% |
24H | -$0.2722 | -2.88% |
7D | -$0.3378 | -3.55% |
30D | -$2.40 | -20.79% |
1Y | -$9.55 | -50.99% |
![]() | $9.35 USD |
![]() | €8.38 EUR |
![]() | ₹781.12 INR |
![]() | Rp141837.03 IDR |
![]() | $12.68 CAD |
![]() | £7.02 GBP |
![]() | ฿308.39 THB |
![]() | ₽864.02 RUB |
![]() | R$50.86 BRL |
![]() | د.إ34.34 AED |
![]() | ₺319.14 TRY |
![]() | ¥65.95 CNY |
![]() | ¥1346.42 JPY |
![]() | $72.85 HKD |
News
2025-01-14 21:23
DailyNews2024-08-27 15:04
区块律动2024-08-04 20:13
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