---
# System prepended metadata

title: 'State of Dai: January 3rd, 2022'
tags: [Weekly Relay]

---

---
tags: Weekly Relay
---

# State of Dai: January 3rd, 2022

![](https://i.imgur.com/yKp29sy.png)

![Peg](https://i.imgur.com/rVP1z2K.png)

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

![7-Day Dai stats](https://i.imgur.com/upKTuKM.png)

- Dai price max at 1.01 and min 0.97.

![](https://i.imgur.com/nZjjFBA.png)

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

![Dai Supply](https://i.imgur.com/Sbc2LuI.png)

- DAI supply at 9.3 billion with 17.9 billion locked

![Mint/burn](https://i.imgur.com/M0nGEjE.png) 

- 8.5 million DAI was minted this last week.

![Vaults](https://i.imgur.com/qKwvdFX.png) 

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

![Dai on DEXs](https://i.imgur.com/lN7sTZB.png)

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

![Collateral list 1](https://i.imgur.com/fXrk560.png) 
![Collateral list 2](https://i.imgur.com/dTPaVjW.png)

**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.

![Loan-to-Value](https://i.imgur.com/0ditwYd.png)

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

![wstETH performance over time](https://i.imgur.com/9nRwJ6O.png)

- 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](https://i.imgur.com/rjHE3wS.png)

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

![17 percent drop model](https://i.imgur.com/m9jfvTW.png)

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

![Loans per project](https://i.imgur.com/KgVxgCF.png)

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

![](https://i.imgur.com/CFLADcb.png)

- 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)