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tags: State of Dai
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# State of Dai: May 17th - 23rd, 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!*

*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.*

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- DAI peg in ETH pairs has been quiet this week compared to the carnage in last State of DAI.


- 24 hour vs 7-day has a wide range out of peg, The upper and lower range mostly coming from arbitrage through Uniswapv2 vs Sushi.


- Reduction in vaults lead to slight drop in total value locked: 10.5 billion.


- USDC PSM nudged above 3 billion.


- Weekly vault reductions continue. Unwinding mostly from ETH-A and WBTC-A.


- Vault number go down but weekly borrows have beat out burns for the first week in awhile. 120 million net in mints.

**[Visit Makerburn](https://makerburn.com/#/rundown) for an up-to-the-minute breakdown of changes, expenses, and `Ilk` updates.**


- Very low vaults at risk where a 25% drop is needed to trigger cascades. Current capital at risk is just 23 million (at time of writing). The monthly moving average of capital at risk has been 43 million.


- Visualizing the hypothetical draw down at 25%.

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

#### Credit

@twblack88