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tags: State of Dai
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# State of Dai: April 26th - May 2nd, 2022


*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://aqua-valery-36.tiiny.site/)

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- Some Yuga shakes on late Saturday as ETH plunged, but overall peg solid.


- ETH opened interest at 7.04 billion and reduced it by a billion and a half over the past week.


- DAI supply is below 9 billion.
:crab: a slow death march crab market continues, slowly dripping liquidity out as vaults rebalance or pay off debt.

**[Visit Makerburn](https://makerburn.com/#/rundown) for an up-to-the-minute breakdown.**


- ETH-A, WBTC-A, and ETH-C remove a chunk of DAI from circulation.


- Net burn(-) of 266 million.


- Despite rebalancing pains, we only saw seven auctions setting $447K in debt.


- WBTC is getting competitive across Defi. See [Monetsupply](https://forum.makerdao.com/t/parameter-changes-proposal-ppg-omc-001-28-april-2022/14863/3?u=twblack88) covering this dynamic.


- Despite sophisticated responses to the market, as always, DAI supply cohorts are still sticky over the quarter.


- Capital at risk overall is 1.73%.


- The majority of debt is in a low-risk collateralization category.

[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