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tags: Weekly Relay
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# State of Dai: January 3rd, 2022



- Vacation peg! With less volatility, the peg gets smashed less too.


- Dai price max at 1.01 and min 0.97.


- Max and min are smoothing out after a rocky December.


- DAI supply at 9.3 billion with 17.9 billion locked


- 8.5 million DAI was minted this last week.


- Since the last Relay, **223 vaults** were opened by **148 creators**.


- 1inch (noted in orange) has been eating away at Uniswap's lead for DEX trading.


**MakerBurn rundown**
- PSM USDC 3.25 billion
- ETH-A 2.81 billion
- WBTC-A 1.12 billion
- ETH-C 608.18 million
- PSM USDP 499.97 million
- ETH-B 109.41 million
- GUNI DAI-USDC (0.05%) 66.76 million
- LINK 64.43 million
- Aave D3M 58.84 million
- stEth 52.62 million
- UniV2DaiUSDC 43.22 million
- YFI 23.26 million
- MATIC-A 20.4 million
- UniV2UsdcEth 17.45 million
- NSDROP 11.33 Million
- GUNI DAI-USDC (0.01%) 10 million
- WBTC-C 9.43 million
- MANA 6.29 million
- renBTC 5.26 million
- UniV2WBTCEth 5.1 million
- GUSD 4.61 million
- UNI 3.42 million
- FFT1-DROP 2.14 million
- HTC-DROP 2.13 million
- WBTC-B 2.1 million
- 6s Capital 1.43 million
- UniV2wBTC-Dai 1.36 million
- Other vaults below 500K (wBTC-B, UniV2DaiEth, UniV2UniEth, CF-DROP) at 1.1 million.


- The DAO's current Loan-to-Value(LTV) ratio of 85% is the **highest it's been since October 4th**.
1


- The God candle fell from the heavens on November 3rd when the wstETH vault was launched. It quickly evened out at around 360% collateralization.


- Liquidation walls stand at 17%, with the LINK-A vaults assuming the greatest risk for liquidation.


- In a hypothetical 17% drop, the breakdown is entirely ETH and WBTC vaults.


- Outstanding loans per large DeFi protocols have Maker at 44.9%


- We saw four liquidations last week, affecting the ETH-A and C vaults.

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