MakerDAO Stably Secured with Growing Collateral and Smooth PSM Operations

03/11/2023 10:51 • AI & Tech Insights • 66 views

On March 11, the latest data released by MakerDAO on social media showed that the current mortgage rate of the Maker system was 154%, that is, 5.38 billion DAIs were supported by collateral worth 8.26 billion dollars. MakerDAO did not trigger liquidation in the past week, and the system operated as expected. In addition, PSM is currently operating smoothly as expected, with a reserve of $3.15 billion and a 100% mortgage to support 3.15 billion DAI.

MakerDAO: the current mortgage rate is 154%, and the PSM reserve is $3.15 billion

Analysis based on this information:

The latest data released on March 11 by MakerDAO confirms the stable condition of the system as it shows an increase in the mortgage rate to 154%. This means that the current collateral used to support the value of 5.38 billion DAIs is worth 8.26 billion dollars. The mortgage rate is a significant metric as it measures the confidence of the users in the stability of the system. The higher the mortgage rate, the lower the risk of liquidation due to the drop in the value of the collateral.

Moreover, the report indicated that the system did not trigger any liquidation from the past week, which means that the system operated as expected. This is good news for the users of the platform since it signals that the collateral in the system remains stable and secure.

The report also highlighted the smooth operations of the Peg Stability Module (PSM) that currently has a reserve of $3.15 billion with a 100% mortgage to support 3.15 billion DAI. PSM is an essential feature of the MakerDAO system that supports the DAI stablecoin’s value by managing the supply and demand of the DAI.

The PSM is critical in stabilizing the DAI, and any issues in its operation could lead to the instability of the DAI’s value. However, the report indicates that the PSM is operating smoothly and as expected. This is a reassuring sign for users, as it means that the DAI continues to maintain its value stability.

In conclusion, based on the data released by MakerDAO, its system is in a stable condition, and there has been no liquidation triggered in the past week. The report also indicates that the PSM is operating smoothly and maintaining the stability of the DAI’s value. These developments are positive news for MakerDAO’s community and stakeholders, and they are compelled to continue trusting and using the system.

Overall, MakerDAO has shown good performance and continues to assure its users that their funds in the platform are secured and stable, highlighting the importance of the platform’s collateral and the PSM in ensuring a robust ecosystem.

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MakerDAO Stably Secured with Growing Collateral and Smooth PSM Operations

MakerDAO: the current mortgage rate is 154%, and the PSM reserve is $3.15 billion

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