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Record sog_ev_dai_2020_03_black_thursday

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
Category
Depeg and peg stress
Subtype
Market Stress Liquidation Event
Status effect
No lifecycle change
Recovery
RecoveredNot yet recorded
Evidence
1 source record1 relations

Identity and classification

Overview

Date, taxonomy, impact, recovery, mechanism, confidence, and evidence remain separate.
Date2020-03-12
Public event categoryDepeg and peg stress
Canonical event subtypeMarket Stress Liquidation Event
Structured detail kindReserve Change
Stablecoin subjectsDai
Organization subjectsMakerDAO / Sky
ImpactHigh
Effect on stablecoin lifecycleNo lifecycle change
Canonical status-effect valueNo recorded change
Recovery or reversalRecovered
Recovery dateNot yet recorded
Cause or mechanismProtocol collateral and liquidation stress context.
Structured detail coverageStructured fields available below
Record confidenceMedium
Date
2020-03-12
Public category
Depeg and peg stress
Canonical subtype
Market Stress Liquidation Event
Structured detail kind
Reserve Change
Impact
High
Status effect
No lifecycle change
Recovery
Recovered
Recovery date
Not yet recorded
Cause or mechanism
Protocol collateral and liquidation stress context.
Record confidence
Medium

Affected records

Subjects

Stablecoin and organization subjects remain separate record groups.
Stablecoin subject

Dai

Open the stablecoin dossier for current state, organizations, deployments, evidence, and unknowns.

Organization subject

MakerDAO / Sky

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Typed record

Structured detail

Event-type-specific facts remain visible with explicit value states.
Structured event detail
Reserve-change detail — SummaryProtocol collateral and liquidation stress context.
Reserve-change detail — Summary
Protocol collateral and liquidation stress context.

Provenance

Evidence

Source identity, publisher, publication date, reliability, archive, and relation count remain separate.
1 source identity · 2 evidence relations
SourcePublisherSource categoryProvenancePrimary or secondarySupported claimsArchiveReliability
MakerDAO governance/forum lifecycle reference
Published Not yet recorded		Sky / MakerDAO governance forumGovernance record
Canonical: Governance Reference		Governance primary sourcePrimary sourceGovernance Lifecycle, Black Thursday ContextNo archive recordedMedium

Maintenance

Corrections and further reading

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