---
# System prepended metadata

title: 'State of Dai: February 8th, 2022'
tags: [State of Dai]

---

---
tags: State of Dai
---

# State of Dai: February 8th, 2022

![](https://i.imgur.com/XttVRrf.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/.as6Qmis8_State_of_Dai__February_22_28_2022)

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

- In case you have been under a rock in the Baltic Sea, there is a hectic environment across all markets. This frenetic condition hit the peg most dramatically on ETH/DAI pairs. 
- *Before* a market wobble on the 24th, DAI traded at its largest premium.

![Real volume and spikes](https://i.imgur.com/xL8fOrv.png)

- With spikes in volume twice over the 24th, the peg held relatively stable.
- 1.5 billion in DAI trading volume over the last week.

![7-Day Dai stats](https://i.imgur.com/csWwBx6.png)

- Over the past week, any slippage has been upwards rather than far below peg. 

![Uniswap v3](https://i.imgur.com/bkZVjbE.png)

- A Slight reduction in Uniswap V3 volume but a healthy spike in TVL on the DAI pools. 

![Curve and Compound with largest shares](https://i.imgur.com/xzs4Kxi.png)

- Compound and curve have the highest share of DAI in the wild. (627 million and 1.6 billion respectively).

![DAI Supply](https://i.imgur.com/9MvaTwo.png)

- DAI supply had a slight drop below the 10 billion mark. With a wobbly market, there was a slight uptick in PSM-USDC usage.

![Vault changes](https://i.imgur.com/KFNsNxS.png)

- Over the past week, that supply reduction was dominated by ETH-A vaults closing (~40 fewer vaults), and 11 million less WBTC (closed 14 vaults). Thanks to @risk for the new endpoint. :wink:

![Borrow/repay](https://i.imgur.com/vitly7X.png) 

- Net burn of -531 million. 

![Collateral list 1](https://i.imgur.com/qjLt0PD.png) 

![Collateral list 2](https://i.imgur.com/b2UnRrf.png)

- PSM USDC 5.2 billion 
  - ETH-A 1.58 billion
  - WBTC-A 836 million 
  - PSM USDP 498 million
  - GUNI DAI-USDC (0.01%) 328 million
  - ETH-C 292 million
  - wstEth 121 million
  - GUNI DAI-USDC (0.05%) 67 million
  - UniV2DaiUSDC 65 million
  - LINK 65 million
  - ETH-B 47 million
  - MATIC-A 19 million
  - YFI 15 million
  - WBTC-C 14 million
  - NSDROP 13 Million
  - UniV2UsdcEth 9.2 million
  - renBTC 4.9 million
  - MANA 4.7 million
  - WBTC-B 3.4 million
  - FFT1-DROP 2.6 million
  - HTC-DROP 1.63 million
  - RWA001-A 1.4 million
  - UNI 1.04 million
  - 6S Capital 1.42 million
- Other vaults below 500K (UniV2WBTCEth, UniV2DaiEth, UniV2UniEth, PSM GUSD) at $1.2 million.
- Aave D3M back to 0.

![Debt share mostly ETh and WBTC](https://i.imgur.com/IamYxI6.png)

- Despite rebalancing and removing some larger vaults, the debt share is still mostly ETH-A.

![Liquidation breakdown per drop](https://i.imgur.com/uBXfYVn.png)

- Liquidation drops hit at 29%. 

![30 %](https://i.imgur.com/k51JdSX.png)

- That hypothetical 30% drop is when liquidations hit low-risk buckets, topped by collateral in WBTC-A and wstETH.

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

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*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