- The supply of the decentralized stablecoin DAI has grown to 379.1 million, up from 134.7 million on July 1st (a 181.4% increase).
- New demand for DAI has been primarily driven by liquidity mining on Compound and yEarn. Increased demand has led to DAI consistently trading above its targeted $1 peg.
- Currently, the focus is on changing the parameters of, and adding new, collateral types to keep up with growing demand.
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MakerDAO’s battle to keep up with DAI demand written by Mika Honkasalo @ https://www.theblockcrypto.com/genesis/73742/makerdao-dai-demand?utm_source=rss&utm_medium=rss August 4, 2020 Mika Honkasalo