What Value Does the Single Collateral Dai have? — Market Mad House

Daniel G. Jennings
5 min readJan 31, 2020

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.”

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.