Calculating Actual CDP Holder Losses

Has anyone started to work on calculating actual CDP holder losses so we can better understand the actual cost of the keeper market failure?

COLLATERAL_VALUE_IN_USD = ETHUSD_AT_AUCTION_CLOSE * ETH_QUANTITY

DEBT_VALUE_IN_USD = DAIUSD_AT_AUCTION_CLOSE * DAI_OWED

ACTUAL_LOSS = DEBT_VALUE_IN_USD - COLLATERAL_VALUE_IN_USD

Disregarding the fact that keepers in MCD need a buffer to cover the various risks they are taking, I’d wager that a lot of these positions would have received vastly less than they might think

1 Like

A csv with all the needed data was attached to this post (mirrored here).

sum(lot * OSM_price) collateral value: 20,153,977.15
sum(bid) total bids: 8,370,869.42

I agree, we need to figure this out as best we can. It’s information we will need as we try to come to consensus on actions moving forward.

3 Likes

One problem with those totals:

OSM_PRICE =/= ETHUSD_PRICE
OSM_PRICE =/= DAIUSD_PRICE

1 Like