---
# System prepended metadata

title: 'State of Dai: March 22nd - 28th, 2022'
tags: [State of Dai]

---

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tags: State of Dai
---

# State of Dai: March 22nd - 28th, 2022

![](https://i.imgur.com/t4vgEQL.png)

*Hi everyone, thanks for checking out the State of Dai. Now separate from the Weekly Relay with the objective to scale and improve all the information you need for your Dai escapades!*

> The public PDF version is available [here.](https://pdfhost.io/v/iRxopML8._State_of_Dai__March_22_28_2022)

![Peg](https://i.imgur.com/OLarFAc.png)

- A few premium trades above peg this week.

![7-Day Dai stats](https://i.imgur.com/NDTRVVA.png)

- Max and min clock in at $1.15 and $0.81. Not a surprise by now, but Uniswap V2 was the primary source pushing peg variance. Meeting the sizeable market for arbitrage via semi-illiquid pools creates pricing outliers. 

![UNi v2 Liquidity](https://i.imgur.com/919V7de.png)

- Zooming out on DAI pools, the liquidity there has been growing stepwise since i's low at the beginning of the month.

![Nomics top five](https://i.imgur.com/LDZelWy.png)

- The top five markets for DAI are still dominated by Uniswap V3 and Binance for ETH and stable pairs.

![DAI Supply](https://i.imgur.com/4aQoF4S.png)

- 9.67 billion in DAI supply; nice to see the growing D3M slice on the "DAI generated" chart. Note: TVL added a billion dollars.
 
![Vault changes](https://i.imgur.com/ruSeMKl.png)

- With 9.6 billion in supply and a short price rally, we've historically seen more collateral movement. Maybe vault owners know something :eyes:
- Yet, ETH-A and WBTC-A had the number of vaults reduced while the amount of debt grew. 
- Price go up, people pay off their debt--simple enough.

![58 vaults](https://i.imgur.com/AAevFWb.png)

- 58 vaults opened over the week. 

![Borrow/repay](https://i.imgur.com/tcpsuM6.png)

- Net negative with 300 million DAI burned.

[Visit Makerburn](https://makerburn.com/#/rundown) for an up-to-the-minute `ilk` breakdown. There are lots of green arrows there today.

![Liquidation breakdown per drop](https://i.imgur.com/G3epAPq.png)

- The first hill of liquidations sits at a 29% drop, where they start to affect low-risk vaults.

![Current capital at risk](https://i.imgur.com/wl7ZYIO.png)

- Current capital at risk is only 9.5 million, with the majority in ETH-A.

[daistats.com](daistats.com) | [makerburn.com](makerburn.com) | [maker.blockanalitica.com](maker.blockanalitica.com)

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*Disclaimer: This update is assembled by a group of contributing members in the MakerDAO community. This does not serve as financial advice or an inducement to vote in any specific way. This update is for information and communication purposes only.*

#### Credit

@twblack88