DAI2Chai

Js script automating DAI to Chai conversion.

The script collect some DAI or SAI in a address and automaticaly convert it to CHAI, an interest-bearing token linked to MakerDAO Dai Saving Rate.

then Chai is sent to the address defined for storage.

I recommend that address to be a Hardware Wallet such as a Ledger

Setup

git clone https://github.com/marczeller/DAI2Chai.git

cd DAI2Chai

npm install

then edit the config.js file with your credentials.

node DAI2Chai.js

you can visit the offical Chai token website on chai.money

Security

this bot have access to your funds, I Highly recommend to setup the script on a dedicated reception address , fill it with a small amount of ETH to pay gas and fill another address as your GoToAddress in config.js

Also, avoid running this script in a public VPS, use some self hosted device!

Another vector of attack is trolls sending you very small amount of DAI to make you waste your ETH for transaction fees. make sure the Threshold in the config.js is not set too low.