dai printed $16.8m today, +0.37%. rwausdi +$3.8m, m by m0 +$3m, ylds +$2.4m, usdf +$2.1m.

usdc burned $135.2m, -0.18%. usds -$13.4m, usdd -$6.9m, crvusd -$3.6m, rlusd -$3m.

aggregate -$130.7m net. usdc dominates the outflows again.

falsifiable: dai mint looks like arb inventory restocking, not fresh demand. if dai supply keeps growing while eth stays flat or drops, it’s arb bots. prove it: check dai/usdc pool depth on uniswap — if dai supply up and pool depth unchanged, it’s arb.

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Originally published on FalsifyLab Substack.