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You're looking for www.daistats.com, 3B$+ worth of collateral locked and debt issued. And because the blockchain is public, you can actually inspect every vault
by rawtxapp 6y ago
You're looking for www.daistats.com, 3B$+ worth of collateral locked and debt issued. And because the blockchain is public, you can actually inspect every vault, every action they took, how much debt they have, etc.
This is one such example of an 8-figure credit line using 4.5k worth of Bitcoin: https://defiexplore.com/cdp/9167 https://defiexplore.com/cdp/9167.
In case it wasn't clear, DAI is a stablecoin, 1DAI=1$.
- jonnydubowsky 6y agoThat looks to me like it was 4500 BTC not $4500... (or in this case, WBTC which are approx the same price as BTC). Or am I reading this wrong?
- rawtxapp 6y agoYep, that's why I said "4.5k worth of Bitcoin", I meant 4500BTC.
- kkielhofner 6y agoHN being famously pedantic 4500BTC is 4500BTC or "4.5k Bitcoin". "4.5k worth of Bitcoin" implies whatever that would be "worth" in your local currently at some snapshot point in time.