MakerDAO will launch a new type of Dai (DAI) stablecoin, known as Multi-Collateral Dai (MCD). The new DAI will be backed by several types of collateral in contrast to existing Single-Collateral Dai (SCD), which will now be called Sai (SAI). The announcement was initially made in October, with the firm providing the update on Nov. 18 on the upcoming changes to Dai. Plan to Phase-out Sai In Several Months The initial plan is to phase-out Sai while there is no exact date for the