DAI, Dai Stablecoin

Staying informed about key metrics is crucial for understanding the Maker ecosystem. Regular monitoring keeps you updated on the protocol's health and growth. Last week, we reviewed May's highlights and performance. Today, we'll cover more key metrics and where to find them: ↓

Current DAI Supply The current DAI supply is the most important metric of the Maker Protocol. It shows the total amount of DAI created and circulating. As of today, this metric exceeds 5 billion DAI. For more details, visit: makerburn.com/#/charts

DAI Peg DAI is the first and largest decentralized stablecoin in DeFi. Since its launch, DAI has maintained a soft peg to the USD, with no major deviations. Check the latest updates: makerburn.com/#/peg

Maker TVL Total Value Locked (TVL) represents the total dollar value of assets locked in the Maker Protocol. Currently, Maker has approximately $8.76 billion locked, making it the fourth-largest DeFi protocol, despite being live on only one chain since its inception. For more details, visit @DefiLlama: defillama.com/protocol/maker…

Collaterals - Biggest Vaults The Maker Protocol allows DAI minting by depositing accepted assets into Maker Vaults. These assets include on-chain tokens like ETH, stablecoins like USDC, and Real-World Assets. Currently, the ETH-C Vault type is the largest, with approximately $2.07 billion worth of ETH locked. Find more information here: makerburn.com/#/rundown

Collaterals - Biggest Revenue Generators On the same page, you can see the biggest collateral types in terms of revenue generated for the Maker Protocol. Currently, SparkLend D3M and Spark’s MetaMorpho D3M are leading, generating an estimated $155 million in annual revenue based on their deposit APYs. For more details, visit makerburn.com/#/rundown

System Surplus and Dai Savings Rate (DSR) Revenue earned from various fees is used for different aspects of the protocol, including the System Surplus and the DSR. The System Surplus controls the maximum amount of DAI the protocol can accrue from revenue before it can burn MKR. Currently, to fully burn MKR, the system surplus needs to reach 50 million DAI. The DSR is the rate at which the Maker Protocol rewards users who lock their DAI within DSR contracts. Currently, the DSR cost is approximately 153 million DAI. Find the metrics about them here: makerburn.com/#/dsr

Where is All DAI? DAI is the biggest product of MakerDAO, widely used for various transactions worldwide, but its primary usage is within DeFi. Currently, most DAI remains in DeFi, with EOA and the DSR being the top use cases, holding over 2.3 billion and 1.96 billion DAI, respectively. For more details, visit Dune: dune.com/steakhouse/makerdao

By studying these metrics and following the data we share from this account, you'll understand the protocol deeply, enabling you to make informed decisions. Endgame is near, and significant changes are coming to Maker, expanding opportunities for users to save and grow their money. This is just the beginning.