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! ● Last week, the peg was rock solid, with only one notable slippage event on March 18. ● DAI maximum and minimum mirror each other on either side of par: 1.05 and .95, respectively. ● Slight shave off the top in volume. Numbers, according to Messari, are 962 million in “real volume,” which includes centralized exchanges. ● 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. ● 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 ) ● A slight bump in overall supply to 9.9 billion. Join discord and check out the Bot feed if you want up to minute mint alerts. ● D3M at a cozy 260 million. ● With AAVE v3 in the wild, unique borrowers spiked. Maker had a nice bump, too (up from ~290 ish). ● ETH-B gained a small uptick, likely refinancing from ETH-C. Share of debt still has ETH-A as the largest chunk. ● Mints are positive this week, with a net of 145 million. Visit Makerburn for an up-to-the-minute ilk breakdown. ● A 28% Price drop starts to ramp up liquidations. ● 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 daistats.com | makerburn.com | maker.blockanalitica.com 🎙 Have Feedback? We value your input! Take our survey to let us know what we might be missing or how to do better. 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