MakerDAO Maker Relay, 10 Aug 2021

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From YouTube: [Maker Relay] The State of DAI | 08/03 - 08/09

Description

*At @00:41 seconds the Dai supply is misstated as 5.7 million instead of 5.7 billion. The supply is above 5.7 billion, for clarity.

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 57: https://forum.makerdao.com/t/maker-relay-ep-57/9760

Social Accounts:
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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/

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Today's august 9 2021 and we'll be covering the state of die over the past week.

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The price of dye remained within two basis points this week or .02 percent of its peg, but has fluctuated both above and below one dollar. Since the launch of ethereum's eip 1559 upgrade its price hit. A low of 0.998 on august, 8th and peaked at 1.0038 on the 9th over 2 billion, die changed hands last week with uniswap and curves still seeing the vast majority of that volume overall die supply is over 5.7 million and the total value locked in the protocol has reached a new all-time high of 11.9 billion.

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We saw one liquidation last week affecting the wrapped bitcoin vault, which led to an auction of 11 884 die and a protocol surplus of 1 367 die. The auction was successful and concluded after around 53 minutes, as the market continues to rally. No vaults are under the immediate risk of liquidation and the current liquidation wall is around minus 30 percent, but if next week does see a large correction and that wall is hit, eth a volts assumed the largest risk for liquidation.

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That said, we've continued to see an uptick in new eth faults and ethan's risk premium is currently at an all-time low of 1.9 percent, 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 dao. 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.

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