We created a sample report on key DAI Supply growth and risk metrics that we find valuable to track on a continuous basis.
The aim of this post is to share these metrics with initial insights, some of them already surfaced over the course of the month from different community members.
Moving forward, for the sake of community alignment, these are not meant as a separate report but rather as a support for the KPI framework presented by @Aes in the Monthly Strategy Review. The community can then decide which are monitored in MSR versus only internally by @Risk-Core-Unit and brought up to the community when valuable insights are surfaced.
Below you can find individual charts with a short summary of insights.
We have seen a strong DAI Supply growth, most of exposure still comes from ETH-A, WBTC-A and ETH-C (92%).
Most of DAI Supply growth came from ETH-A, ETH-C and WBTC-A.
We have seen the largest growth in organic DAI Supply demand for WBTC-A and ETH-B, both doubling in size even after normalized by price trajectory (formula in the report).
We have seen a large DAI Supply growth from new vaults (730M) yet most of the growth still came from retained vaults.
New vault DAI Supply in October came mostly from WBTC-A and ETH-C, followed by ETH-A and GUNIV3DAIUSDC1-A.
More than 50% of DAI Supply came from April 2020 cohort, new vault inflow and December 2019 cohort.
Among the largest vault types, the highest concentration risk comes from ETH-A, WBTC and LINK-A. This is less of an issue with the ETH-B but the value tends to generally increase across the portfolio over time.
More than more than 50% of debt from volatile collateral comes from 3 major entities which has been increasing over time (from 30% in January)
While counterparty risk from Circle (USDC) decreased, it increased from both BitGo (WBTC) and Paxos (USDP).
Finally, the metrics from this report will be integrated into our dashboard in the coming weeks for open access to the community.