> open event/sog_ev_dai_2020_03_black_thursday
Dai Black Thursday market-stress event
During the March 2020 market crash, MakerDAO and Dai experienced severe market stress and liquidation-system issues. SOG records this as a protocol stress event, not as failed status.
Impacthigh
Sources1
Dai
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MakerDAO / Sky
Open the issuer or protocol file linked to this event.
Depeg guide
Understand how SOG separates depeg events, recovered events, and failed outcomes.
| Date | 2020-03-12 |
|---|---|
| Type | market_stress_liquidation_event |
| Stablecoin | Dai (DAI) |
| Issuer | MakerDAO / Sky |
| Impact | high |
| Status effect | none |
| Recovered | yes |
| Recovery date | — |
| Failure / mechanism | collateral_liquidation_stress |
| Confidence | medium |
| Sources | 1 |
| Source | Publisher | Type |
|---|---|---|
| MakerDAO governance forum entry point | Sky / MakerDAO governance forum | governance_reference |
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