How to Migrate from SAI to DAI on Nuo
Last month we shared our plan on how Nuo will adapt to MakerDAO’s introduction of the new DAI, which is known as Multi-collateral DAI. To read more, click here
From 13th December onwards, Nuo will provide users to convert all their SAI to DAI instantly and vice-versa. Here are the steps that you need to follow in order to do so.
Step 1: Create a Nuo Account
Go to the Nuo website, and sign up with your Coinbase Wallet, Metamask or Password. Upon selecting your medium of sign up, you can enter your username and your Nuo account will be created.
Step 2: Deposit SAI to your Nuo wallet
After your Nuo account is created, you can transfer SAI to your Nuo wallet address through any of your Wallets or Exchanges.
Once, the SAI is deposited to your Nuo wallet, you’d see an option under the SAI amount as ‘Convert to DAI’
Step 3: Convert SAI to DAI
In order to proceed with the conversion, click on ‘Convert to DAI’ option which will lead you to the pop-up where you can acknowledge the
“I Understand” modal, enter the SAI amount that you wish to convert and finally after signing up the transactions, your SAI amount will be converted to DAI instantly.
In case you need to convert your DAI amount, you need to follow the same process as above, wherein you’d find the option ‘Convert to SAI’ under the DAI amount in your Nuo wallet and upon signing the transaction, your DAI amount will be converted to SAI.
