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

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