MakerDAO: $stETH Collateral Represents around 3% of All $DAI Collateralization

MakerDAO tweeted that $stETH collateral represents around 3% of all $DAI collateralization, which is $260 million worth of collateral. Assuming the status of vaults remains the same in terms of $DAI debt and collateral deposited, for WSTETH-A vault, if $stETH drops to $892, then $33.3 million worth of $stETH would be liquidated, and if $stETH drops to $582, then $74.6 million worth of $stETH would be liquidated; for WSTETH-B vault, if $stETH drops to $903, then $645k worth of $stETH would be liquidated, and if $stETH drops to $594, then $2 million worth of $stETH would be liquidated.
Source

DeFi

Ethereum

In This Article

Related News
Daily Market Wrap | Oct. 13 Daily Market Wrap | Oct. 13
Daily Market Wrap | Oct. 10 Daily Market Wrap | Oct. 10
Daily Market Wrap | Oct.7 Daily Market Wrap | Oct.7
Daily Market Wrap | Sep. 05 Daily Market Wrap | Sep. 05
Daily Market Wrap | Sep. 04 Daily Market Wrap | Sep. 04
Latest News More More
1 Day Ago Daily Market Wrap | Oct. 17
2 Days Ago Daily Market Wrap | Oct. 16
3 Days Ago Daily Market Wrap | Oct. 15
4 Days Ago Daily Market Wrap | Oct. 14
Oct 11 Daily Market Wrap | Oct. 11
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open