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
Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling Ethereum developers activate Pectra upgrade with 11 changes to improve UX, validator ops and Layer 2 scaling
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
Ethereum developers to end support for Holesky testnet in September Ethereum developers to end support for Holesky testnet in September
Latest News More More
14 Hours Ago Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
2 Days Ago Solana validators patch zero-day bug that could have led to unlimited minting of certain tokens
2 Days Ago Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million
April 29 Circle secures in-principle approval to operate as money services provider in Abu Dhabi
April 29 Mastercard moves to integrate stablecoins into global payments network
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open