---
# System prepended metadata

title: 'State of Dai: January 17th, 2022'
tags: [Weekly Relay]

---

---
tags: Weekly Relay
---

# State of Dai: January 17th, 2022

![](https://i.imgur.com/B5s5dJ3.png)

![Peg](https://i.imgur.com/UGEpLD9.png)

- Some high volume trades at the beginning and end of the week led to some turbulence, but overall the peg is tightening by the week.

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

- A 7-day high of 1.047 and a low of .944 - averaging to 1.000061. 

![Dai Supply](https://i.imgur.com/bb4D2iv.png)

- The total supply took a nice leap to 9.67 billion, with the TVL in the protocol situated just under 17 billion.

![Mint/burn](https://i.imgur.com/cEMa9Gl.png) 

- A **positive** net mint/burn of **312,319,106 Dai**. 

![Vaults](https://i.imgur.com/nETSID7.png) 

- We had a total of **44 vaults** opened by **29 unique creators**.

![Collateral list 1](https://i.imgur.com/iJLeaY6.png) 
![Collateral list 2](https://i.imgur.com/B5FzuDD.png)

**MakerBurn rundown**
- PSM USDC 3.85 billion
  - ETH-A 2.61 billion
  - WBTC-A 1.1 billion 
  - ETH-C 564.63 million
  - PSM USDP 499.97 million
  - ETH-B 89.95 million
  - LINK 74.39 million
  - GUNI DAI-USDC (0.05%) 73 million
  - Aave D3M 64.96 million
  - UniV2DaiUSDC 61.94 million
  - stEth 57.85 million
  - YFI 27.92 million
  - MATIC-A 19.87 million
  - UniV2UsdcEth 18.34 million
  - NSDROP 10.56 Million
  - WBTC-C 10.13 million
  - GUNI DAI-USDC (0.01%) 10 million
  - GUSD 4.98 million
  - UniV2WBTCEth 4.84 million
  - renBTC 4.75 million
  - MANA 3.76 million
  - UNI 3.17 million
  - FFT1-DROP 2.15 million
  - WBTC-B 1.95 million
  - HTC-DROP 1.64 million
  - 6s Capital 1.43 million
  - UniV2wBTC-Dai 1.06 million
- Other vaults below 500K (UniV2DaiEth, UniV2UniEth, CF-DROP) at 483k.

![](https://i.imgur.com/IcHHAA1.png)

- Dai trapped in blacklisted wallets on Ethereum.

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

- The current LTV of 99% matches a 3-month high and looks to be climbing.
    - *LTV allows lenders to assess the risk of a secured loan by taking the loan amount and setting it relative to the asset's current market value. (LTV = (Amount owed on a loan/Appraised value of asset) x 100).*

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

- Total wstETH vaults have been steadily growing since launch.

![Liquidation walls](https://i.imgur.com/gr48eDn.png)

- The liquidation walls are looking slightly forgiving this week, beginning around an 8% market drop before sharpening significantly at around 15%. 
- If we do see another week of red, the **UniV2 USDC-ETH vaults will assume the greatest risk of liquidation**.

![7-day Liquidations](https://i.imgur.com/ud0a7Am.png)

- That said, we only had one liquidation last week, affecting an ETH-A vault.

[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 purely for information and communication purposes only.*
