Yesterday, June 13, the Maker Protocol executed 182 liquidation auctions.
35.2 million DAI to cover risky debt ➡️ destroyed.
4.5 million DAI from penalty fees ➡️ to the System Surplus.
Collateralization is at ~140%.
DAI is at $1.
Everything worked as expected.
@milesdeutscher $DAG is a fee-less layer 0 protocol that enables independent networks to build upon it, referred to as state channels, that can establish their own independent consensus and tokenomics without being encumbered by base layer pay-per-transaction fees #HGTP https://t.co/NZPxo1EnAW