SaiSAI
Convert SAI to your currency
Last Updated on Sep 30, 2025 01:32 AM
What is Sai?
About the coin
Dai is a stablecoin that operates as an Ethereum ERC20 token, maintaining a value pegged to $1 USD. Unlike other stablecoins, Dai does not rely on a centralized authority or traditional banks to back its value. Instead, it exists entirely within the Ethereum blockchain, utilizing smart contracts to maintain its stability and value.
Main features
Dai offers several key features that distinguish it from other cryptocurrencies. It is always worth $1 USD, can be freely traded like any other ERC20 token, and can be owned, accepted, and transferred by anyone with an Ethereum wallet. The token can be exchanged without any middleman, and no individual or company has control over it. Additionally, no government or authority can shut it down, ensuring its decentralized nature.
How it works
Dai operates through a sophisticated system of economic incentives designed to keep its value close to $1 USD. When Dai's value deviates from this target, mechanisms are in place to adjust the price accordingly. These mechanisms involve rational actors who earn money whenever Dai is not perfectly valued at $1, creating a self-correcting system that keeps Dai's value stable.
Dai is created as a loan against Ethereum through the MakerDAO dApp. Users can take loans in Dai by using their ETH holdings as collateral. This process involves converting ETH into wrapped ETH (WETH), then into pooled ETH (PETH), which serves as collateral for all Dai created. Users can then create a collateralized debt position (CDP) to draw Dai against their collateral. This system allows for decentralized margin trading and provides opportunities for users to profit from Dai's price fluctuations.
The demand for Dai and its mechanisms ensure that it remains a stable and reliable cryptocurrency, offering unique opportunities for users within the blockchain ecosystem.
Wallet for Sai
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Sai
- Ethereum
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Sai FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Savings DAI (sDAI) isa yield-bearing token representing DAI deposited in Maker's DAI Saving Rate (DSR) module. sDAI is connected to the DAI Savings Rate Module, which automatically accrues the DAI savings rate yield set by Maker governance.
- The Birth of DAI: Creation and IssuanceMakerDAO was first introduced in 2015 by CEO and founderRune Christensen, and the Maker Protocol — the architecture underlying the DAI stablecoin — was launched in December 2017. MakerDAO's model for DAI differs from other leading stablecoins.
- To buy SAI safely on Binance,create an account, complete identity verification, and select your preferred payment method. Binance offers secure transactions through various methods, including credit cards, debit cards, bank transfers, and P2P trading.
How to secure Sai with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose Sai wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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