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From YouTube: [Maker Relay] The State of Dai | 07/20-07/26
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 55: https://forum.makerdao.com/t/maker-relay-ep-55/9531
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
And
you're
listening
to
the
state
of
dive
for
the
week
of
july
26th
over
the
past
week,
dye
managed
to
stay
relatively
close
to
its
peg,
fluctuating
within
two
basis
points
or
0.02
percent
of
the
peg.
The
price
peaked
at
1.0036
on
wednesday
july
21st,
but
stabilized
as
the
market
rebounded
die.
Supply
currently
sits
at
around
five
and
a
half
billion,
with
over
10.2
billion
in
locked
liquidity,
around
1.98
billion
die
changed
hands
last
week,
with
decentralized
exchanges
still
leading
the
way
in
daily
volume.
A
The
top
dogs
haven't
changed
with
uniswap
curve
and
binance
now
firmly
entrenched
as
dye's
highest
volume
markets.
Three
liquidations
occurred
in
the
past
week,
resulting
in
forty
four
thousand
seven
hundred
and
ten
die
in
penalty
fees.
The
liquidations
affected
the
uniswap
wrapped
bitcoin,
and
link
vaults
and
generated
a
protocol
surplus
of
20236
die.
A
The
auctions
lasted
an
average
of
around
40
minutes
and
all
were
concluded
successfully.
The
peg
stability
module
reached
its
max
debt
ceiling
of
around
50
million,
with
over
20
million
diameters
between
the
21st
and
22nd
of
july
alone.
The
recent
market
uptick
also
brought
the
liquidation
walls
into
a
much
safer
band
requiring
around
a
25
drop
in
a
collateral's
price
to
threaten
liquidation
at
current
market
prices.
All
vaults
are
over
collateralized
and
no
vaults
are
at
immediate
risk
of
liquidation
for
any
vault
type.