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! ● Slight peg variance in the past 24 hours. So we can dive into that arb, for once. ● On-chain slippage above peg hit $1.14 with a 2.94 million DAI trade on Sushiswap. ● Sushi monster trade hit 7 hours ago; follow along with the MEV bot to see their execution in realtime. ● And the corresponding trade volume below peg at Uniswap v2 pools. ● A nice healthy arb for a 287 ETH profit. Someone has been reading state of DAI ● All that detective work explains our lovely peg stats for the week—free markets for the win. ● A slight reduction in Dai supply, including USDC down to 53% of generation. ● Reduction in # of ETH-A vaults and 52 million outflows from WBTC-A, but additions in ETH-C and staked ETH-A. ● Staked ETH carved out a sliver of the debt share. ● Debt ceiling is maxed, but there are threads about accelerating access to this ilk ● Net negative (burns) of 116 million this last week. Visit Makerburn for an up-to-the-minute breakdown. ● Risky debt is mostly on the medium bucket. ● Slight adjustment to the liquidation hill, a hypothetical drop of 27% instead of 29% hits 26 million in Debt. ● By protection bucket and drop, collateralization is keeping capital at-risk low. It has to go beyond 30% to start hurting, at which point we would have larger problems. 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