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MakerDAO and PSM Continue to Operate Smoothly with High Mortgage Rates

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On March 11, the latest data released by MakerDAO on social media showed that the current mortgage rate of the Maker system was 154%, that is, 5.38 billion DAIs

MakerDAO and PSM Continue to Operate Smoothly with High Mortgage Rates

On March 11, the latest data released by MakerDAO on social media showed that the current mortgage rate of the Maker system was 154%, that is, 5.38 billion DAIs were supported by collateral worth 8.26 billion dollars. MakerDAO did not trigger liquidation in the past week, and the system operated as expected. In addition, PSM is currently operating smoothly as expected, with a reserve of $3.15 billion and a 100% mortgage to support 3.15 billion DAI.

MakerDAO: the current mortgage rate is 154%, and the PSM reserve is $3.15 billion

Analysis based on this information:


MakerDAO recently released data indicating the current mortgage rate of the Maker system to be at 154%, a relatively high number in the world of virtual currencies. This means that the collateral supporting the digital asset, DAI, is worth $8.26 billion while the virtual currency circulating only sums up to $5.38 billion. This ratio gives MakerDAO the ability to ensure that the value of DAI remains consistent with the US dollar.

Despite the high rate of mortgage, there have been no liquidations in the past week, indicating that the MakerDAO system is operating as expected. This is reassuring for users, as it means that stability measures are in place to make sure that the system avoids potential market volatility.

In addition to MakerDAO’s smooth operations, the Peg Stability Module (PSM) is also operating as expected with a reserve worth $3.15 billion, guaranteed by a 100% mortgage that supports 3.15 billion DAI. The PSM acts as a market-making mechanism that allows users to swap DAI in and out of the system, with the aim of keeping its value as close to one US dollar as possible.

Overall, this report on MakerDAO and PSM is positive news for those who rely on these services. The high mortgage rates indicate that the makers of the system are working diligently to ensure its stability, while the consistent operation during the past week gives users added confidence in the platform’s reliability.

Keywords such as “MakerDAO” and “PSM” give a clear indication of the entities discussed in the report, while “Mortgage Rates” and “Collateral” describe the factors that contribute to the platform’s functionality. The mention of “Liquidation” serves as a reminder of the potential dangers associated with blockchain-based virtual currencies, making it a crucial keyword to mention in any discussion about virtual currencies.

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