What Value Does the Single Collateral Dai have? — Market Mad House
The MakerDao claims to do the impossible with two cryptocurrencies. The cryptocurrencies are the Single Collateral Dai (SAI) and the Multi-collateral Dai (DAI).
The impossible is a cryptocurrency with no volatility. Specifically, Maker Dao promises “financial freedom with no volatility” at its website.
I think that claim is bullshit because you cannot have a market without volatility. To explain, the Merriam-Webster dictionary defines volatility as the “quality or state of being volatile.”