--- tags: State of Dai --- # State of Dai: April 19th - April 25th, 2022 ![](https://i.imgur.com/kKi3GuO.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/x2WHMOjSw_State_of_Dai_April_19_25_2022) --- ![Peg](https://i.imgur.com/tlpOz5K.png) - Some market wobbles in the past 24 hours, but the peg is mostly solid. ![DAI Supply](https://i.imgur.com/r0S8y7N.png) - The slightest reduction in DAI supply, including less USDC exposure. **[Visit Makerburn](https://makerburn.com/#/rundown) for an up-to-the-minute breakdown.** ![Vault changes](https://i.imgur.com/KRtG7hE.png) - ETH-C and WBTC-C continue to rally in deposits, almost completely offsetting ETH-A and WBTC-A reductions. ![ETH-c vaults ok](https://i.imgur.com/9Rnq066.png) - ETH-C vault protection looks like a peace symbol; may the markets follow that sentiment. Capital at risk is only 2.3 million. ![wbtc-c keeps growing](https://i.imgur.com/s2ZuqGf.png) - Debt outstanding looking exponential on WBTC-C vaults over the past five months. ![Total debt almost 10 mil](https://i.imgur.com/dVcH4YW.png) - Total debt is almost 100 million, and the average debt at 47 K Since DAI outstanding has been somewhat flat, it is worth zooming out to look at the ecosystem more. Compound recently reduced its COMP rewards last month. Their community had a nail-biting vote to remove them completely this last week. Here is a convenient thread from one of their Delegates that covers the meta of voting power and the recent proposal (No. 100): https://twitter.com/0x7751/status/1517973353029591040?s=20&t=vp_NebSMhIrY0Zm6z_t5TQ ![Compound Dash says less leverage](https://i.imgur.com/Qn8PnWR.png) - The compound monitor dashboard indicates recursive positions have stayed through the tumultuous vote. - Jan from Risk recently [posted on Compound's forum](https://www.comp.xyz/t/comp-reward-change-impact-analysis/3152) with amazing research as always. ![Recursive farm is sticky](https://i.imgur.com/ABU5wf4.png) - Putting the borrow markets in perspective, the change over the past few weeks has been minor (-10%). Sticky farm is sticky. [daistats.com](daistats.com) | [makerburn.com](makerburn.com) | [maker.blockanalitica.com](maker.blockanalitica.com) ### We Are Daing 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