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MKR Holder DAI-gest Week 12 (2020)

Maker governance forum (community digest) · 2020

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Accessed
2026-09-01
Reliability notes
Contemporary community summary of the 12 March 2020 liquidations and the resulting system debt.

Claims citing this source

1 claims
EstablishedDuring the 12 March 2020 crash, network congestion and delayed price updates allowed some Maker collateral auctions to be won with zero or near-zero bids, leaving a system debt of about $5 million that was covered by auctioning newly minted MKR.