---
# System prepended metadata

title: 'State of Dai: May 24th - 30th, 2022'
tags: [State of Dai]

---

---
tags: State of Dai
---

# State of Dai: May 24th - 30th, 2022

![](https://i.imgur.com/xA9k4qJ.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!*

*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.*

### Hey, you! Yes, you. We have a couple of questions! 

[Very Short Feedback Survey](https://forms.gle/46feBAmid9jGqaqE7)

###### The public PDF version is available [here.](https://pdfhost.io/v/gQpyrXZf3_State_of_Dai_May_24_30_2022)

---
![Peg](https://i.imgur.com/v7BLNej.png)

- Some drifts off peg this last week, but back to par quickly.

![24 hour versus 7 day](https://i.imgur.com/uDIUxy9.png)

- Compared to the week before, a narrower range above and below. The arb is drying up.

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

- Big jump in GUNI vaults this last week. TVL accross Maker at 10.9 billion.

![DEX Context](https://i.imgur.com/LC4oiy1.png)

- Putting that in context on DEX's. Uniswap is almost double the DAI on Curve.

![Relative balances of DAI](https://i.imgur.com/D7A0e2S.png)

- Zooming out, though, most DAI (~56%) is still on EOA's versus pursuing market opportunities.

![Current stablecoin ratio](https://i.imgur.com/tDJoDpI.png)

- Current stablecoin balances at the time of writing are 4.3 billion in total.

![Weekly vault changes](https://i.imgur.com/xY0CzcJ.png)

- This week, a continuing pattern of a flight to safety, as macro shakedowns continue to exert pressure on markets. A slight rally though through the weekend.
- ETH-A is leading vault reductions with 60 fewer vaults and 92 million less debt. Without any price cratering, it looks to be that vault owners are paying down debts.
- ETH-C picked up a healthy gain of 2.76 million despite fewer vaults over the week.

![ETH-A risk portfolio](https://i.imgur.com/gtqiHVA.png)

- Looking into ETH-A more, the dominating risk category is medium primarily because the largest vault sits at 230% collateralized.

![Net Mints again](https://i.imgur.com/beHLhHe.png)

- More DAI borrowed than repaid this week. 128 million net mints.

![31 liquidations](https://i.imgur.com/FVyTwdb.png)

- 31 liquidations this last week, the largest of which was ETH-B on the 26th.

![Overall borrowers](https://i.imgur.com/Upq9lQ7.png)

- Overall, borrowers across DeFi are leveling off. Since AAVE liquidity mining has ended, we'll keep an eye on the lending markets as a whole and see what shakes out.

![Market share of ETH and WBTC](https://i.imgur.com/P0LCLxv.png)

- Maker still holds a strong grip on ETH market share, FWIW.

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

![Vaults at risk](https://i.imgur.com/fFLIkku.png)

- Overall most debt is medium risk and well protected. The minor ETH rally is keeping capital risk lower. A 15% and 30% downturn would blow through high and low risk, respectively.
 
[daistats.com](daistats.com) | [makerburn.com](makerburn.com) | [maker.blockanalitica.com](maker.blockanalitica.com)

#### Credit

@twblack88
