The Single Collateral Dai (SAI) shutdown process is underway. If you still hold Sai or have an old CDP (ie you haven't migrated to a Vault) here are your options before and after May 12 at 16:00 UTC:
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If you hold a CDP (and haven't migrated to a Vault) before May 12 @ 16:00 UTC: The migration contract has been drained. Therefore, the only option for users is to source Sai on the open market, repay any debt and close out the CDP. Unless they wait for Shutdown...
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If you hold a CDP (and haven't migrated to a Vault) after May 12 @ 16:00 UTC: Use the migration portal to redeem CDP for collateral (ETH).pic.twitter.com/RdE5OylH73
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Still looking for more info? Here's a breakdown of SCD shutdown on the forum:https://forum.makerdao.com/t/sequential-process-for-scd-shutdown/1823 …
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