Stablecoin event
Single-Collateral Dai becomes SAI during the Multi-Collateral Dai launch
MakerDAO launched Multi-Collateral Dai on 18 November 2019 and renamed the original ETH-only Dai token to SAI. SAI holders were directed to migration or settlement paths rather than continued issuance under the current DAI system.
ImpactHigh
Detail kindMigration
Sources3
Single-Collateral Dai
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Dai
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MakerDAO / Sky
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| Date | 2019-11-18 |
|---|---|
| Event type | Migration |
| Event detail kind | Migration |
| Stablecoin subjects | Single-Collateral Dai, Dai |
| Organization subjects | MakerDAO / Sky |
| Impact | High |
| Effect on stablecoin status | Migrated |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | The original Single-Collateral Dai token was renamed SAI and moved out of active issuance as Multi-Collateral Dai became the current DAI system. |
| Record confidence | High |
| Migration summary | The original Single-Collateral Dai token was renamed SAI and moved out of active issuance as Multi-Collateral Dai became the current DAI system. |
|---|
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| Multi-Collateral Dai is live | MakerDAO | Official Statement | Migration Event, Launch Date, Identity Transition |
| Single-Collateral Dai to Multi-Collateral Dai migration documentation | MakerDAO Documentation | Official Documentation | Migration Mechanics, Redemption Exit, Identity Transition |
| SAI token contract on Ethereum | Etherscan | Onchain Contract | Contract Identity, Ethereum Deployment |
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