MakerDAO official micro-response: Maker system has experienced more than 90% decline in ETH, and it is operating normally

Earlier media reports said that as the ETH price continued to fall, the mortgage debt positions on MakerDAO continued to decrease. The liquidation chart shows that when the ETH price drops to about $ 105, nearly 25% of the CDP will be liquidated; when the ETH price drops to about $ 90, nearly half of the CDP will be liquidated. In response, MakerDAO official Wei responded that the data was not comprehensive, and the statistics only included single mortgage positions in Sai, which accounted for less than half of the total. The Maker system has experienced a decline in ETH of more than 90% and is operating normally. Don't worry.