Using DAItoSAI.com to Exchange Multi-Collateral DAI for SAI (100% Legit)
How to Swap Your DAI for SAI instantly using Smart Contracts
If you are having regrets upgrading your Single-Collateral Dai to the new fancy, but not quite widely used (MCD) Dai. You can simply exchange it back using a little known feature in the MakerDAO smart contract.
Smart contracts can be compared to the mechanism of a vending machine, which are programmed in such a way that after a user selects and pays for an item, it will be dispensed accordingly. In our case, the smart contract allows to take back the DAI and swap it back for SAI.
We've tested it and it works pretty flawlessly.
Here is how to swap back your DAI for some good ol'Sai
First you need your DAI sitting in an Web3 Ethereum wallet, like MetaMask on Chrome/FireFox/Brave... Then do the following
- Head on over to DAItoSAI Swap App
- Connect with your wallet
- Input how much DAI you want to convert to SAI
- Send the transaction and wait for confirmation!
Tada! The good old SAI is now in your wallet again, and you can use it anyway you want. Like paying off your CPD or just putting it back on to Compound to generate some sweet interest rates, because the DSR rates are pretty bad.
Gr8 article with an complete solution about DAI to convert in SAI. To get bundle of Interest Rate which we are looking to Pay off!!
Thanks for sharing this and nice concept
WOW, what an excellent and fantastic article..! Honestly I can say that I have never seen it before which is related to "Exchange Multi-Collateral DAI for SAI". Thank you..!
I liked this detailed instruction, now I know how to make such transactions in order to get good interest rates and thus have an advantage, this method works great, thank you for this review.
I am from Venezuela and I am just beginning to walk through the world of crypto and I am impressed by what we have evolved in the world of this money.
I didn't have MetaMask on Chrome / FireFox / Brave, so I'm installing now to do it!
Gr8, as they say now!
I had no idea that i could get my SAI ethereum back ,actually i was about to give up the whole ethereum thing. i don't like the whole new system and the way it works since the DAI has been introduced and feel it like a little more complicated and hard to manage.It feels like taking ages for us to have any real benefit out of this system.I will try this new legit way and hopefully i could get back to the SAI system and slip back to the old way im familiar with ,thanks