Thread by @w3g_io

🌟 The state of the Dai 🌟

🔭 What Dai and Maker achieved in the last couple weeks and what's the state of the Maker Protocol?

📊 Let's check it out 👇

1/12

First things first.

🚀 Dai supply surpassed the 8 billion milestone. 🚀

⏫ Since Oct 1st the supply increased by 28%.

🧮 The current amount of Dai in circulation is 8,417,188,657.56 according to daistats.com

🌌 The road to $10b is imminent and inevitable.

2/12

🌓 All these Dai are backed by $18b equivalent assets, from which $ETH earned more dominance by embracing 62% of all Dai collateralization

⏫ The collateral ratio of the system remains up to 220%.

3/12

👊 On top of that, $ETH beat USDC as the main asset used to generate Dai.

📊 At the moment, 43.5% of all Dai are generated by $ETH through ETH-A and ETH-B vaults vs 31.4% of all Dai by USDC through PSM.

4/12

💎 The last asset onboarded as a vault's collateral was $WSTETH, the wrapped version of @LidoFinance's $STETH.

⌛️ In just a couple of hours the vault ceiling of $WSTETH was achieved.

💥 That was fast! Are we ready for more $STETH backing Dai frens?

5/12

🌌 DeFi 2.0 is becoming a reality in Maker

The Direct Deposit Dai Module (D3M) connected to @AaveAave was successfully implemented

Again, in a couple of hours, the debt ceiling for this special vault was achieved

10M fresh Dai directly injected to the @AaveAave market

6/12

📈 On Aave, the variable borrow rate picked up to 17% on Oct 29

📊 At the moment, the goal of 4% was reached

🤝 Now @AaveAave users will have more stability in the interest of their Dai loans, and new users will see more attractive to borrow Dai due to its stable interest

7/12

👍 Are we ready for more Dai flooded to @Aave? It seems to be YEAH.

🚀 A debt ceiling increase proposal was posted on the Maker Forum.

💻 The suggested new debt ceiling is 50M, and the Maker community is ready to talk about it:

⏩ forum.makerdao.com/t/d3m-dc-incre…

8/12

👁️ On the other hand, another Dai and Maker's metrics are showing pretty nice things:

🚀 The amount of Dai on Dexes skyrocketed the last month from less than $1b to $1.8b.

That's a +80% increase. Dai loves Dexes❤️

9/12

🥇 Dai remains in the first place as the main stablecoin in @optimismPBC.

💪 There are 31M Dai on @optimismPBC and the dominance is stable at 59%.

10/12

Look at that nice overview of the places where Dai loves to stay.

All DeFi loves Dai. Dai loves all DeFi ❤️

11/12

👋 See you soon, frens. We'll take a look on what's happening on the Maker Protocol and Dai recurrently.