Nov 7, 2019Â â‹…Â 1 min read
The number of Dai ($DAI) outstanding has hit the hard-coded debt ceiling of 100 million (~$100 million). The jump in Dai outstanding coincided with a reduction in the stability fee from 9.5% to 5.5% last week hinting that deb-holders jumped to Maker ($MKR) to refinance outstanding loans from other platforms. A governance vote will be held on Friday that could increase the debt ceiling by $10 - $20 million.
Why it matters:
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in