State of Dai: Dec 27, 2021 - Jan 3, 2022

:wave: Welcome to the State of Dai! Now separate from the Weekly Relay with the objective to scale and improve all the information you need for your Dai escapades!

  • Vacation peg! With less volatility, the peg gets smashed less too.

7-Day Dai stats

  • Dai price max at 1.01 and min 0.97.

  • Max and min are smoothing out after a rocky December.

  • DAI supply at 9.3 billion with 17.9 billion locked

  • 8.5 million DAI was minted this last week.

  • Since the last Relay, 223 vaults were opened by 148 creators.

Dai on DEXs

  • 1inch (noted in orange) has been eating away at Uniswap’s lead for DEX trading.


MakerBurn rundown

  • PSM USDC 3.25 billion
    • ETH-A 2.81 billion
    • WBTC-A 1.12 billion
    • ETH-C 608.18 million
    • PSM USDP 499.97 million
    • ETH-B 109.41 million
    • GUNI DAI-USDC (0.05%) 66.76 million
    • LINK 64.43 million
    • Aave D3M 58.84 million
    • stEth 52.62 million
    • UniV2DaiUSDC 43.22 million
    • YFI 23.26 million
    • MATIC-A 20.4 million
    • UniV2UsdcEth 17.45 million
    • NSDROP 11.33 Million
    • GUNI DAI-USDC (0.01%) 10 million
    • WBTC-C 9.43 million
    • MANA 6.29 million
    • renBTC 5.26 million
    • UniV2WBTCEth 5.1 million
    • GUSD 4.61 million
    • UNI 3.42 million
    • FFT1-DROP 2.14 million
    • HTC-DROP 2.13 million
    • WBTC-B 2.1 million
    • 6s Capital 1.43 million
    • UniV2wBTC-Dai 1.36 million
  • Other vaults below 500K (wBTC-B, UniV2DaiEth, UniV2UniEth, CF-DROP) at 1.1 million.

  • The DAO’s current Loan-to-Value(LTV) ratio of 85% is the highest it’s been since October 4th.
    - LTV allows lenders to assess the risk of a secured loan by taking the loan amount and setting it relative to the asset’s current market value. (LTV = (Amount owed on a loan/Appraised value of asset) x 100).

  • The God candle fell from the heavens on November 3rd when the wstETH vault was launched. It quickly evened out at around 360% collateralization.

  • Liquidation walls stand at 17%, with the LINK-A vaults assuming the greatest risk for liquidation.

  • In a hypothetical 17% drop, the breakdown is entirely ETH and WBTC vaults.

  • Outstanding loans per large DeFi protocols have Maker at 44.9%

  • We saw four liquidations last week, affecting the ETH-A and C vaults.

daistats.com | makerburn.com | maker.blockanalitica.com

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The State of DAI video version is now available on the MakerDAO Youtube channel:

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I feel it’s the most PEG price I’ve ever seen from DAI in my life that average.

The 10 billion are resisting.

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