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Single Collateral Dai $SAI

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About Single Collateral Dai

Single Collateral Dai (SAI) was a stablecoin created by MakerDAO that maintained a 1:1 peg to the US dollar through an over-collateralized debt system, allowing users to generate the stablecoin by locking Ethereum as collateral. Its key feature was the use of a single collateral type (ETH only), which made it simpler but less flexible than its successor, Multi-Collateral Dai (DAI). SAI was largely phased out in 2020 when MakerDAO introduced Multi-Collateral Dai, which supported multiple collateral assets and offered greater stability and utility.