Sai holdings in the Crypto.com App will be automatically converted to Dai

As announced by MakerDAO project, the Multi-Collateral Dai (Dai) token will be launched on 18 November 2019 upon successful activation by the MakerDao community, and the existing Single-Collateral Dai (Sai) can be migrated to Multi-Collateral Dai upon the release.

To support the launch of Multi-Collateral Dai for the MakerDAO project, the following changes will be implemented on the Crypto.com App effective 18 November 2019  upon successful activation by the MakerDao community:

  1. The prevailing Single-Collateral Dai (Sai) holdings in the Crypto.com App will be automatically converted to Multi-Collateral Dai (Dai).
  2. There will be one single wallet for Dai, and this wallet supports both Sai and Dai deposits from other wallets.  All Sai and Dai deposited to and held in the Crypto.com App will be consolidated in the Dai wallet.  The wallet address remains unchanged, which is available on the Crypto.com App.

For Sai support, we will support Sai deposits from other wallets until further notice, yet we may terminate such support anytime with a short notice.  If you would like to transfer your Sai holding to the Crypto.com App, we would suggest you to arrange such transfer from other wallets at soon as possible.

For details of the launch of Multi-Collateral Dai for the MakerDAO project, please click here.