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crab notes 🦀 lobsterdao crab notes 🦀 lobsterdao @crab_notes · 8.04K subscribers
Post #742 1.59K
Sai to Dai: why migrate?

Sai to Dai migration has been ongoing for a few days, but the majority of Dai holders don't seem to be in a rush. And why would they? Sai lending rate is still around 6️⃣% on Compound. Economic incentives for existing holders are currently against migration.

You can try to arbitrage with 1inch exchange and then swapping 1:1 in the official app, or just educate yourself on these cool shenanigans 👨‍🎤 Anyway, this is an important step for the ecosystem -> blog.makerdao.com/what-to-expect-with-the-launch-of-multi-collateral-dai/

By the way, InstaDapp made some cool things to help migrate big CDPs: medium.com/instadapp/mcd-migration-70782c9e6730
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