Event record
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
- Severity
- High
- Type
- Market Stress Liquidation EventDepeg and peg stress
- Lifecycle effect
- No lifecycle change
- Recovery
- RecoveredNot yet recorded
- Evidence
- 1 source record1 relation
Reviewed explanation
What happened
The primary date, severity, type, effect, recovery, and Evidence count are already shown above.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.
- Cause or mechanism
- Protocol collateral and liquidation stress context.
- Structured detail kind
- Reserve Change
- Record confidence
- Medium
Affected records
Subjects
Stablecoin and organization subjects remain separate record groups.Typed record
Structured detail
Only event-type-specific facts are shown here.| Reserve-change detail — Summary | Protocol 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.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| MakerDAO governance/forum lifecycle reference Published Not yet recorded | Sky / MakerDAO governance forum | Governance record Canonical: Governance Reference | Governance primary source | Primary source | Governance Lifecycle, Black Thursday Context | Direct archived snapshot | Medium |
Maintenance