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From YouTube: [Maker Relay] The State of DAI | 11/9 - 11/15
Description
Check out this weekly update on the market for Dai, including the state of the peg, where Dai lives in the markets, and recent liquidations.
Maker Relay Ep 71: https://forum.makerdao.com/t/maker-relay-ep-71/11666
Social Accounts:
Forum: https://forum.makerdao.com/
Reddit: https://www.reddit.com/r/MakerDAO/
Kakao: https://open.kakao.com/o/giWg6J2
RocketChat: https://chat.makerdao.com/home
Twitter: https://twitter.com/MakerDAO
Telegram: https://t.me/makerdaoofficial
Dai Resources:
Dai Stats: https://daistats.com/
SebVentures Dune Spreadsheet: https://duneanalytics.com/SebVentures/maker---accounting_1
Maker Burn: https://makerburn.com/#/
Block Analitica: https://maker.blockanalitica.com/
A
Despite
a
week
of
market
ups
and
downs,
the
peg
stood
strong.
We
did
still
see
some
turbulence,
but
the
overall
cluster
is
getting
tighter
by
the
week.
Dice
price
reached
its
weekly
low
of
0.976
on
the
9th
and
a
high
of
1.024
on
the
13th,
and
while
dye
did
again
rise
above
two
basis,
points
of
the
peg
prices
quickly
stabilized
and
it
was
business
as
usual.
Total
supply
is
now
sitting
pretty
at
over
8.75
billion
die
and
the
total
value
locked
in
the
protocol
is
creeping
up
on
20
billion,
but
the
continued
story
is
usdc.
A
A
That
said,
we
did
see
two
liquidations
affecting
the
ave,
eath
and
eat
sea
vault
types
this
facilitated
the
sale
of
17
17698
die
and
netted
the
protocol
a
surplus
of
650
die.
Both
auctions
were
successful
but
took
an
average
of
over
45
minutes.
To
conclude,
the
liquidation
wall
is
a
bit
intimidating
this
week,
but
doesn't
steepen
until
an
18
drop
in
the
market.
A
If
we
do
see
further
corrections,
the
matic
and
ren
btc
vaults
will
assume
the
greatest
risk
for
liquidation,
and
that's
all
for
this
week's
update
to
read
more
about
the
state
of
die
and
share
your
opinion
on
topics
affecting
the
dow.
Please
check
out
the
full
version
of
maker
relay
at
forum.makerdow.com
and
see
the
links
in
the
description
below
thanks
for
listening
and
we'll
see
you
again
next
week,.