Sai SAI
#631$11.93−0.8% 24hMarket cap $31.6M24h volume $55
Overview
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Best flexible rates
No Earn products for SAI right now
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Active launchpools
No active launchpools with SAI right now
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Next unlock
No scheduled unlocks
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Exchanges with this coin
None of the 11 exchanges on Polarly has Earn products or launchpools with SAI
About Sai
- Market cap
- $31.6M
- #631 on the market
- Volume 24h
- $55
- 0.0% of market cap
- Circulating
- 2.65M SAI
- 99.3% of max
- Launched
- 18 Dec 2017
- 8 years
- All-time high
- $25.84
- 24 Aug 2025 · −53.8% from ATH
- All-time low
- $0.927
- 9 May 2020
- Type
- DeFi
- Decentralized Finance (DeFi)
- Ethereum Ecosystem
Project description
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.
Read more
*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…
Source: CoinGecko
Earn on SAI
No Earn products for SAI on the 11 exchanges right now
Questions and answers
- What is Sai (SAI)?
- 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. Categories: Decentralized Finance (DeFi), Ethereum Ecosystem.
- How many SAI are there and what is the maximum supply?
- 2.65M SAI are in circulation out of a maximum of 2.67M (99.3%).
- What is the all-time high price of SAI?
- $25.84 (24 Aug 2025). This is a historical value, not the current price. The price is now $11.93, 53.8% below the high.
Launchpools with SAI
There have been no launchpools with SAI