Odaily Frontline｜Can multi-collateral DAI outperform SAI?
This article comes fromAMBCrypto, original author: Biraajmaan Tamuly
Odaily Translator |
Odaily Translator |
The MakerDao ecosystem has been very active in the past month. On November 18, the MakerDao Foundation announced the launch of its new multi-collateral DAI, adding a series of new collaterals other than Ethereum, so that the token can be obtained by collateralizing other assets. However, DAI has been unable to surpass SAI (the old single-collateral DAI) according to Uniswap daily USD volume.
According to Dune Analytics, DAI has trailed SAI in dollar terms for the past 11 days since its launch. On November 22, when the overall market was down, SAI traded at $2.7 million, while DAI only traded at $832,000. On November 28, the transaction volume of SAI was $239,926, and DAI was less than $100,000.BZX co-founder Kyle Kistner atA panel discussion earlier this month
This was predicted for the first time in .
Kistner emphasized that he does not see a substantial upgrade over previous single-collateral DAI (SAI), adding that he believes multi-collateral DAI (DAI) presents many challenges and risks. The addition of DAI would also increase the complexity of the current system. He also expressed his doubts that the diversification offered by DAI is superior to the new features of the current DeFi system.After the launch of DAI, MakerDao Smart Contract Director Mariano Contitweeted
, the new multi-collateral asset achieved impressive results in the first 12 hours. "2.4 million DAI; 88% ETH, 11% BAT, 1% Sai; 689 vaults (Vaults) created; 470,000 DAI locked in the deposit rate (DSR) contract; 534 DAI generated by the stability fee; there have been 6 liquidations."
