Chain snapshot · 26,228,098
The Vat's internal ledger, not DAI's token supply — the ERC-20 figure is only the portion withdrawn through a Join. Governance sets the global ceiling directly, so unlike a per-ilk line it measures something.
Every DAI of the uncollateralized total is charged here as sin in the same call that mints it — a debt the protocol owes itself, from liquidation shortfalls and the savings rate's accrual. The surplus buffer, built from stability fees and penalties, is what heals it.
Maker is not one market — it is a set of isolated ilks that mint one currency against a shared ceiling. Most of them are not a place a wallet can borrow.
The rest is minted by modules. A Peg Stability Module (PSM) swaps DAI one for one with another stablecoin it holds. An Allocator is a credit line governance gives a Sky project to fund what it runs. A real-world-asset (RWA) type backs DAI with an off-chain loan, valued by governance. Those are Maker positions, but they are nobody's position: there is no owner, no health, nothing to explore. So the vault roster covers the 12 ilks above the line and states the rest here.
Every ilk on the terms governance set for it. There is no utilisation column: Maker mints DAI rather than lending it out, so nothing here responds to how much is drawn — and where the DssAutoLine manages the ceiling it holds line just above current debt, which would make debt ÷ line a restatement of the gap.
Ceiling: Auto means the DssAutoLine raises and lowers it as debt moves; Fixed means governance set it and only a vote moves it; Closed means it is zero with debt still owed; Dormant means no ceiling and no debt.
The ilks a wallet can actually open a vault in: lock collateral, draw DAI, pay the fee, get liquidated if the ratio slips. These are the only rows where the liquidation ratio, the fee and the dust floor are risk settings someone chose — and they are what this explorer indexes.