BitShares Forum

Main => General Discussion => Topic started by: paliboy on June 06, 2017, 07:10:44 am

Title: Sai - Maker's first generation stablecoin
Post by: paliboy on June 06, 2017, 07:10:44 am

Hi all,

I've just noticed MakerDAO's announcement about Sai https://blog.makerdao.com/2017/06/05/introducing-sai/ (https://blog.makerdao.com/2017/06/05/introducing-sai/), their version of stablecoin - a temporary solution before Dai is implemented.

After reading the article it seems like they took best ideas from BitShares and added a lot of complexity on top of Ethereum network.  What do you think?

Title: Re: Sai - Maker's first generation stablecoin
Post by: xeroc on June 06, 2017, 07:28:07 am

For those that are unaware: Their leader (@Rune) used to be very active in BitShares. @nikolai/@toast used to be a developer at Cryptonomex who has worked on BitShares2 for a couple months.

The concepts behind Maker/Dai are similar yet different. For instance, they allow to back their dai/dai with multiple different assets, while in BitShares, only one type of collateral is allowed.
Their margin calls are different as well ...

Anyways, I wish the all the best with their project - I am confident they can pull this off as they have a very good and dedicated team!