August 4, 2020, 3:01PM EDT
• 12 min read

MakerDAO's battle to keep up with DAI demand

Quick Take

  • 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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