---
# System prepended metadata

title: 'State of Dai: February 21st, 2022'
tags: [State of Dai]

---

---
tags: State of Dai
---

# State of Dai: February 21st, 2022

![](https://i.imgur.com/KrqkzAH.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/iA5OJctL5_State_of_Dai__February_15_21_2022)

![Peg](https://i.imgur.com/tI3mTHq.png)

- Some larger ETH/DAI trades have been moving the peg around. However, DAI has been ever so slightly below the peg on average.

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

- Maximum is 1.10 :eyes: and the minimum is 0.93.

![Uniswap Slippage via blockanalytica](https://i.imgur.com/kVTtArF.png)

- Uniswap V2 slippage over the past week tracks with the larger slippage points on the 7-day chart.

![Uniswap v2 total liquidity](https://i.imgur.com/NKd13JT.png)

- Slight bump in total liquidity for V2 and double the volume week-over-week.

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

- V3 had a slight volume decrease but is trending back to its previous value locked.

![Curve with 86% share dai](https://i.imgur.com/0EKFGAf.png)

- Though Uniswap generates the slippage, Curve dominates as the ultimate settlement DEX. 86% of DAI eventually sits in Curve pools.

![Messari volume](https://i.imgur.com/UPm7FB3.png)

- 1.31 billion in volume this last week (according to Messari).

![DAI Supply](https://i.imgur.com/0wArjCv.png)

- Still floating above 10 billion in supply with 16 billion TVL; 52% in USDC PSM.

![Borrow/repay](https://i.imgur.com/r0ZIhNI.png) 

![Mints 350 million](https://i.imgur.com/2oDO1Dd.png)

- More repayments than borrows this week, with a (-)50 million DAI net.

![58 Vaults](https://i.imgur.com/qWtgzk0.png)

- 58 Vaults created this week.

![Collateral list 1](https://i.imgur.com/I6lzlnM.png) 

![Collateral list 2](https://i.imgur.com/xme7gCC.png)

- PSM USDC 5.1 billion 
  - ETH-A 1.94 billion
  - WBTC-A 847 million 
  - PSM USDP 499 million
  - GUNI DAI-USDC (0.01%) 335 million
  - ETH-C 296 million
  - Aave D3M 119 million 
  - wstEth 117 million
  - LINK 78 million
  - GUNI DAI-USDC (0.05%) 67 million
  - UniV2DaiUSDC 65 million
  - ETH-B 47 million
  - MATIC-A 19 million
  - YFI 15 million
  - WBTC-C 14 million
  - NSDROP 12 Million
  - UniV2UsdcEth 9.5 million
  - MANA 4.7 million
  - renBTC 3.8 million
  - WBTC-B 2.9 million
  - FFT1-DROP 2.6 million
  - HTC-DROP 1.79 million
  - PSM GUSD 1.4 million
  - UNI 1.46 million
  - 6S Capital 1.42 million
- Other vaults below 500K (UniV2WBTCEth, UniV2DaiEth, UniV2UniEth) at $1.19 million.

![Debt share mostly ETh and WBTC](https://i.imgur.com/LjGV7KB.png)

- Debt share mostly ETH and WBTC.

![WBTC Nexo](https://i.imgur.com/mvk6ogc.png)

- Nexo had to pay back 100 million in WBTC-A. 

![Whales](https://i.imgur.com/Kq2eEhc.png)

- Whales are riding high seas of risk, mostly.

![DAI on L2s](https://i.imgur.com/HQbv2F8.png)

- 23% drop is where liquidation walls get steep.

![Liquidation breakdown per drop](https://i.imgur.com/53yqsfI.png)

- In case you missed it, there is a per drop amount of debt liquidated tab. It's nice to zoom out from time to time, as the amount liquidated per drop has reduced.

[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.*