MakerDAO Maker Relay, 11 Jan 2022

Previous Meeting Next Meeting

⏯

youtube image

►

From YouTube: [Maker Relay] The State of DAI | 1/4/2022-1/10/2022

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.

Weekly Relay Full Written Version: https://forum.makerdao.com/t/weekly-relay-january-4-10-2022/12544

State of DAI Written Version: https://forum.makerdao.com/t/state-of-dai-january-4-10-2022/12545

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

Hey maker, dow I'm alec today's january 10th and we'll be covering the state of die over the past week.

A

The peg saw some strong volatility during last week's market bleed, driven by high volume, trades above and below the peg. The action led to a seven day high of 1.057 and a low of 0.989, both came on january 3rd and in both cases, prices did quickly stabilize and dye's.

A

Average price of 1.0003 was more than stout during a week with very little hope present on the charts, but while the pegs stood strong, the protocol did take a couple of small steps: back total supply dipped to under 9.3 billion, and the total value locked in the protocol dropped to around 15.8 billion, but all in all, not a bad week.

A

Given the market conditions, and it's certainly nice to see the peg continue to pass its stress tests with flying colors the week also saw 63 liquidations affecting several vault types, eath a b and c as well as staked eth, wrapped bitcoin, a and b rin bitcoin and matic vaults. This all facilitated the sale of five million five hundred twenty seven thousand one hundred and forty four die leading to a protocol. Surplus of 625 866 die the liquidation walls. This week are looking similarly formidable beginning at a seven percent market drop before sharpening significantly.

A

If we do see a continued downtrend, the eth, a and b vaults will assume the greatest risk of 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 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 week,.