About this explorer

MakerDAO is the system that mints DAI: a borrower locks collateral in a vault and draws new DAI against it, paying a stability fee whose rate governance sets per collateral type. When a vault falls below its collateral type's minimum ratio, it is liquidated at auction.

Each row of the listing is one vault: its collateral, its DAI debt with accrued fees, and its status. Dollar values use the protocol's own price feeds — the same delayed oracles Maker itself acts on, and the same ones the collateral ratio beside each debt divides into it. Maker states the price and the debt; the ratio is ours, drawn from nothing else. The listing filters by collateral type and searches by wallet or vault number. Or see the Vat's balance sheet, decomposed by collateral type.