---
# System prepended metadata

title: 'State of Dai: April 26th - May 2nd, 2022'
tags: [State of Dai]

---

---
tags: State of Dai
---

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

![](https://i.imgur.com/UoR1axN.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://aqua-valery-36.tiiny.site/)

---
![Peg](https://i.imgur.com/tlpOz5K.png)

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

![ETH OI](https://i.imgur.com/LBgnWf5.png)

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

![DAI Supply](https://i.imgur.com/jwr40Ie.png)

- 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.**
 
![Vault changes](https://i.imgur.com/DnRrkRw.png)

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

![Net burn](https://i.imgur.com/DxSMp9p.png)

- Net burn(-) of 266 million.

![Auctions this last week](https://i.imgur.com/t7rRkbw.png)

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

![wbtc-c keeps growing](https://i.imgur.com/4TJ3ZDd.png)

-  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.

![Organic Demand still good](https://i.imgur.com/Z88CYKH.png)

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

![Risky debt at 1.73](https://i.imgur.com/fGpCRws.png)

- Capital at risk overall is 1.73%. 

![Majority low risk](https://i.imgur.com/4iADqRf.png)

- 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)

### We Are ![](https://i.imgur.com/RLh5njq.png)aing for Your Feedback

We value your input! Take our [survey](https://survey.sogosurvey.com/r/OBV0Y7) to let us know what we might be missing or how to do better.

*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
