The considerable uptick in demand follows a trend that we have seen with DEXs throughout 2020: trading volumes have been consistently higher this year when compared with the last.
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MakerDAO debt auction achieves its goal, late bidders reap reward
Bad debt worth millions of dollars has been covered through the debt auction, but compensating people wiped out by 0 dai bids is still being debated
MakerDAO has nearly wrapped up its first-ever debt auction—an event designed to cover millions of dollars in bad debt triggered by the ether flash crash on March 12. It seems that those who participated in the debt auction early got a bad deal compared with those who waited to take part later.
