But, there are also Vault owners who, for some reason, did not protect their collateral and their Vaults.
Therefore, it is very common to see many liquidations during bear markets.
11/

但是，也有一些金库所有者出于某种原因，没有保护他们的抵押品和金库。
因此，在熊市期间看到许多清算是很常见的。
11/

During the last month, the outstanding Dai debt of ETH-A Vaults decreased from 1.8 billion to 911 million Dai.
10/ https://t.co/zIfJlQHj3j

上个月，ETH-A保险库的未偿Dai债务从18亿Dai降至9.11亿Dai。
10/ https://t.co/zIfJlQHj3j

During a bear market, the most common operation to protect this collateral is to pay off Dai loans and then close Vaults.
When a loan is repaid, Dai used is destroyed.
This is why during bear markets, the amount of Dai in circulation tends to decrease.
9/

在熊市期间，保护这些抵押品的最常见操作是偿还Dai贷款，然后关闭金库。
当一笔贷款被偿还时，它就会被销毁。
这就是为什么在熊市期间，Dai的流通量会减少。
9/

Vault owners are aware of liquidations.
They’re incentivized to protect their collateral.
They can pay just a part of their Dai outstanding loan, remove part of their deposited collateral, or add more collateral to rebalance the Collateralization Ratio at their convenience
8/

保险库所有者知道清算。
他们被激励去保护他们的抵押品。
他们可以只支付未偿还贷款的一部分，移除部分存款抵押品，或者在方便的时候添加更多抵押品以重新平衡抵押比率
8/

When collateral is sold, Dai used to cover the debt is destroyed.
This is to keep the system balanced, so all Dai in circulation is still overcollateralized in USD value, the Maker Protocol will be able to meet its financial obligations, and the system will be healthy.
7/

当抵押物被出售时，用于偿还债务的Dai被销毁。
这是为了保持系统平衡，因此流通中的所有Dai仍以美元价值过度抵押，制造商协议将能够履行其财务义务，系统将保持健康。
7/

What happens during a liquidation event?
Collateral is sold for the required amount of Dai to cover the outstanding debt + a Penalty Fee set in the Maker Vault parameters.
After covering the debt and the fee, the remaining collateral will be available for withdrawal.
6/

清算期间会发生什么？
抵押品按所需的Dai金额出售，以支付未偿债务+Maker Vault参数中设定的罚款。
在支付债务和费用后，剩余的抵押品将可用于取款。
6/

In this example, it’s easy to calculate at what ETH price your Maker Vault will be liquidated.
To reach a collateralization ratio of 145%, the ETH price would have to fall below $1,450.
5/

在本例中，很容易计算出你的Maker Vault将以什么价格清算。
为了达到145%的抵押比率，ETH的价格必须降至1450美元以下。
5/

Example:
You open an ETH-A Vault with 10 ETH. Its current market value is $20,000.
You mint 10,000 Dai. Your current collateralization ratio is 200%.
Liquidation Ratio of ETH-A is 145%.
If your collateralization ratio falls below 145%, your Vault will be liquidated.
4/

例子：
你用10个ETH打开一个ETH-A保险库。它目前的市值是2万美元。
你铸造了一万枚金币。你目前的抵押比率是200%。
ETH-A的清算比率为145%。
如果你的抵押比率低于145%，你的保险库将被清算。
4/

One of the most important risk parameters of Maker Vaults is the Liquidation Ratio or Minimum Collateralization Ratio.
This is the minimum required ratio between the USD value of your deposited collateral and the amount of Dai minted against it.
3/

Maker Vault最重要的风险参数之一是清算比率或最低抵押比率。
这是您存入的抵押品的美元价值与根据其铸造的Dai金额之间的最低要求比率。
3/

A bit of context.
A Maker Vault is a tool where users can deposit their crypto as collateral and mint Dai against it. This action means the user opened a Maker Vault.
They can repay their Dai loan and redeem their collateral. This means the user closed the Maker Vault.
2/

有点背景。
Maker Vault是一种工具，用户可以在其中存放密码作为抵押品，并对其进行加密。此操作意味着用户打开了Maker Vault。
他们可以偿还贷款，赎回抵押品。这意味着用户关闭了Maker Vault。
2/

What's going on behind the Maker Protocol and Dai during the recent market movements.
🧵
1/ https://t.co/Tkce2So3K1

在最近的市场运动中，制造商协议和Dai背后发生了什么。
🧵
1/ https://t.co/Tkce2So3K1

Hackers! 👋
How MakerDAO keeps building on Dai?
That's the name of our workshop that will take place as part of @ETHGlobal #HackMoney2022.
🗓 Thursday, May 12th at 15:00 UTC - 11:00 EST
Join us!
👇
https://youtu.be/oI7uwlYQeUY

黑客！👋
MakerDAO如何在Dai的基础上继续发展？
这是我们将作为@ETHGlobal#HackMoney2022的一部分举办的研讨会的名称。
🗓 5月12日星期四UTC 15:00-东部时间11:00
加入我们！
👇
https://youtu.be/oI7uwlYQeUY

🥩 https://twitter.com/Lempheter/...

🥩 https://twitter.com/Lempheter/...

RT: @MakerDAO making moo-ves in the real world 🐄
One of the project’s vaults has been used to finance a shipment of Australian beef to Hong Kong! 🇦🇺 → 🇭🇰
Learn how supply chains are being revolutionized using smart contracts, NFTs, and stablecoins 🔗 👇
https://thedefiant.io/makerdao...

转发：@MakerDAO在现实世界中制造情绪🐄
该项目的一个金库已被用于资助澳大利亚牛肉运往香港！🇦🇺 → 🇭🇰
了解如何使用智能合同、NFT和stablecoins对供应链进行革命🔗 👇
https://thedefiant.io/makerdao...

@Instadapp Recently, @Instadapp launched the Dai Vault integration on its Lite version.
It allows users to start earning a 5.7% APY on their Dai with one single click!
This Spaces is the perfect opportunity to talk about the story behind @Instadapp 🤝 @MakerDAO and @Instadapp 🤝 $DAI.

@Instadapp最近，@Instadapp在其Lite版本上启动了Dai Vault集成。
它允许用户只需点击一次，就可以在Dai上获得5.7%的APY！
这是谈论@Instadapp背后故事的绝佳机会🤝 @MakerDAO和@Instadapp🤝 $戴。

We're gonna host our very first Twitter Spaces next Friday! 🚀
The @Instadapp team will be joining us to talk about their product and integrations with the Maker Protocol and Dai.
🗓 May 13th, 16:00 UTC.
📍 Yes, in this Twitter account!
https://twitter.com/i/spaces/1...

我们将在下周五举办我们的第一个Twitter空间！🚀
@Instadapp团队将与我们一起讨论他们的产品以及与Maker Protocol和Dai的集成。
🗓 协调世界时5月13日16:00。
📍 是的，在这个Twitter账号上！
https://twitter.com/i/spaces/1...

@_RamiroB Delegate compensation directly correlates to their delegated MKR weight and their performance participating in governance and communicating their decisions to the community.
Here you will find the specific parameters:
https://mips.makerdao.com/mips...

@_RamiroB代表薪酬与他们的MKR授权权重以及他们参与治理和向社区传达决策的表现直接相关。
在这里，您可以找到具体的参数：
https://mips.makerdao.com/mips...

@LidoFinance 🗳 It's your turn, Delegates and $MKR holders, to participate meaningfully in the direction of MakerDAO.
Vote directly through the Executive Proposal: https://vote.makerdao.com/exec...
or
Delegate your MKR to one or more Recognized Delegates: https://vote.makerdao.com/dele...

@LidoFinance🗳 各位代表和MKR美元持有者，现在轮到你们有意义地朝着MakerDAO的方向参与。
直接通过行政提案投票：https://vote.makerdao.com/exec...
或
将您的MKR委派给一名或多名公认的代表：https://vote.makerdao.com/dele...

@LidoFinance • 10,929 DAI to MakerMan.
• 9,347 DAI to ACREInvest.
• 8,626 DAI to monetsupply.
• 7,522 DAI to JustinCase.
• 6,607 DAI to GFX Labs.
• 351 DAI to Doo.
• 265 DAI to Flipside Crypto.

@LidoFinance•10929 DAI致马克曼。
•9347 DAI至ACREInvest。
•从8626 DAI到monetplay。
•7522 DAI至JustinCase。
•6607个DAI至GFX实验室。
•351个DAI to Doo。
•265 DAI到反向加密。

@LidoFinance 3️⃣ Recognized Delegate Compensation.
A total of 79,647 DAI will be distributed to ten Recognized Delegates as itemized below if this executive proposal passes:
• 12,000 DAI to Flip Flop Flap Delegate LLC.
• 12,000 DAI to schuppi.
• 12,000 DAI to Feedblack Loops LLC.

@LidoFinance 3️⃣ 公认的代表薪酬。
如果本执行提案获得通过，将向十名认可代表分发总计79647份DAI，具体如下：
•12000 DAI至触发器襟翼代表有限责任公司。
•12000 DAI至schuppi。
•向Feedblack Loops LLC提供12000 DAI。