Maker DAO: the latest stats from DAI
Maker DAO: the latest stats from DAI
Defi

Maker DAO: the latest stats from DAI

By Alfredo de Candia - 13 Apr 2020

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When thinking about decentralized finance (DeFi), we immediately think about the most famous DAI protocol of Maker DAO and its possibility to create a decentralized, stable asset that can be exploited with other protocols such as Compound.

An interesting tool for viewing and understanding the various stats of DAI can be found here, a portal that contains all the numbers related to the project and from which it is easy to understand the progress of this stablecoin.

dai-stats-maker dao

The total DAI in circulation are currently just over 80 million, while the SAI that are still in circulation are just under 14 million, which together make up the total supply of over 93 million.

It is worth remembering that on April 24th there will be a vote to start switching off the previous Single-Collateral DAI (SAI) protocol and therefore it is advisable to migrate your SAI to DAI to avoid losing them.

As we know, at the moment there are 4 ways to create DAI, namely ETH, BAT, USDC, which was recently added, and the DAI that have been migrated from SAI via the related smart contract, which includes the System Debt.

Another parameter to be taken into consideration is the total DAI generated for each collateral and the relative ceiling which is the maximum number of DAI that those assets can generate: for ETH they are 90 million, for USDC they are 20 million and for BAT they are 3 million.

Then there are the various stability fees, different for each asset but always variable according to the governance of Maker, which are paid when the new DAI are generated by the Vault.

These are just some of the numbers and statistics about DAI, in fact it is possible to also see the price of the single assets, the DSR (DAI Savings Rate), the number of open Vaults, the total number of Chai, and the DAI and MKR in Uniswap, as well as the addresses of the various smart contracts.

Recently DAI has also proved to be more profitable than stock market investments and will soon enter the gaming world.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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