---
# System prepended metadata

title: 'State of Dai: March 15th - 21st, 2022'
tags: [State of Dai]

---

---
tags: State of Dai
---

# State of Dai: March 15th - 21st, 2022

![](https://i.imgur.com/qbQ3qHe.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/605Xanewa_State_of_Dai__March_15_21_2022)

![Peg](https://i.imgur.com/e2GvCSw.png)

- Last week, the peg was rock solid, with only one notable slippage event on March 18.

![7-Day Dai stats](https://i.imgur.com/35Lu9ud.png)

- DAI maximum and minimum mirror each other on either side of par: 1.05 and .95, respectively.

![Real volume and spikes](https://i.imgur.com/p1zb667.png)

- Slight shave off the top in volume. Numbers, according to Messari, are 962 million in "real volume," which includes centralized exchanges. 

![Nomics does report Cdai deposits](https://i.imgur.com/pKuFY8C.png)

- For what it's worth, Nomics reports volume in interesting ways. This reporting is helpful to peek at weekly averages on cDAI volume. 172 million this last week.

![PLus ayy blockcnalytica love for compound](https://i.imgur.com/MhpGrh1.png)

- Risk team just keeps releasing hits, the Compound monitor indicates recursion strategies on borrow and supply. High recursion on both supply and borrow. (Pondering on data in Instadapp calls :thinking_face: )

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

- A slight bump in overall supply to 9.9 billion. 

Join discord and check out the [Bot feed](https://discord.com/channels/893112320329396265/897454097123409941) if you want up to minute mint alerts.

![Vault changes](https://maker.blockanalitica.com/vaults/?days_ago=7)

- Vault changes when the damn API loads.

![D3M doing good on Aave](https://i.imgur.com/ra3c22j.png)

- D3M at a cozy 260 million.

![AAVE v3 release spiked borrowers](https://i.imgur.com/8z7M3Ij.png)

- With AAVE v3 in the wild, unique borrowers spiked. Maker had a nice bump, too (up from ~290 ish).
 
![Debt Share still dominated by ETH-A](https://i.imgur.com/7qLgof2.png)

- ETH-B gained a small uptick, likely refinancing from ETH-C. Share of debt still has ETH-A as the largest chunk. 

![Borrow/repay](https://i.imgur.com/AdDqah6.png) 

- Mints are positive this week, with a net of 145 million.

[Visit Makerburn](https://makerburn.com/#/rundown) for an up-to-the-minute `ilk` breakdown.

![Liquidation breakdown per drop](https://i.imgur.com/Ronl3lv.png)

- A 28% Price drop starts to ramp up liquidations. 

![high risk vault types](https://i.imgur.com/oJZ5Cjo.png)

- Over time, capital at risk has greatly reduced to less than 2%. Of the debt share, we can assume active management and responsible borrowing. Looking forward to the MOMC recommendations and upcoming innovations. 
- Onwards and upwards :rocket: 

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

###  🎙️ Have Feedback?

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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