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150% is the minimum amount of collateral. If the USD value of your locked eth falls below that 150% threshold relative to your DAI denominated debt, a liquidato
by yokem55 5y ago
150% is the minimum amount of collateral. If the USD value of your locked eth falls below that 150% threshold relative to your DAI denominated debt, a liquidator will pay off your debt and take your collateral.
So, a conservatively managed Maker CDP's regularly are collateralized to the tune of 300% if not more.
- Zamicol 5y agoCurrently the whole Dai system is 215% collateralized. There's about $8 billion on loan and $17 billion in assets locked in the system. https://daistats.com/ https://daistats.com/