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From YouTube: [Maker Relay] The State of DAI | 11/2 - 11/8
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 70: https://forum.makerdao.com/t/maker-relay-ep-70/11528
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
A
confused
market
does
confusing
things
to
the
peg
as
coins
spiked
and
dipped
their
way.
Through
the
week
the
peg
saw
some
turbulence.
Dye's
price
reached
daily
highs
below
two
basis:
points
of
the
peg
reached
its
weekly
top
of
1.039
and
its
bottom
of
0.993
on
the
1st
and
the
4th
respectively,
and
now
for
some
good
news.
A
The
total
supply
is
worth
a
double
take
now
sitting
at
around
8.67
billion,
with
over
19.7
billion
now
locked
in
the
protocol,
and
the
cherry
on
top
is
a
continued
decline
in
usdc
exposure,
which
now
sits
at
just
30
percent.
So
too
massively
understated.
It
was
a
solid
week.
That
said,
we
did
see
two
liquidations
affecting
the
eth,
a
and
c
vaults
which
facilitated
the
sale
of
632
747
die
and
netted
the
protocol
a
surplus
of
72
794
die.
Both
auctions
were
successful
and
took
an
average
of
29
minutes.
A
If
we
do
see
another
correction
again,
the
uni-a
and
renbtc
vaults
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
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,.