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Event record

Reviewed event

Dai and MakerDAO during Black Thursday

The March 2020 market crash caused severe stress in MakerDAO, including liquidation problems and undercollateralized debt. Dai and the protocol continued operating after emergency changes.

Date
2020-03-12
Affected records
2 linked records
1 stablecoin · 1 organization
Evidence
1 source
1 evidence relation

Connected records

Affected records

Assets and organizations connected to this event.
StablecoinDaiOrganizationMakerDAO / Sky

Sources

Evidence

Sources used for this record, with archival copies where available.
1 source identity · 2 evidence relations
SourcePublisher and dateRelevanceArchive
MakerDAO governance/forum lifecycle reference
Source details
Source category
Governance record
Provenance
Governance primary source
Primary or secondary
Primary source
Reliability
Medium
Sky / MakerDAO governance forum
Published Not yet recorded		Governance Lifecycle, Black Thursday ContextDirect archived snapshot
Record details
Classification, review, and event-specific data
Record ID
sog_ev_dai_2020_03_black_thursday
Severity
High
Event type
Market Stress Liquidation Event
Public category
Depeg and peg stress
Lifecycle effect
No lifecycle change
Recovery or reversal
Recovered
Recovery date
Not yet recorded
Cause or mechanism
Protocol collateral and liquidation stress context.
Structured detail kind
Reserve Change
Record confidence
Medium
Evidence relations
1

Event-specific details

Reserve change

Summary
Protocol collateral and liquidation stress context.

Maintenance

Corrections and further reading

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