System Status

Summary

To access system status information, retrieve the ETH CDP Service through Maker.service('cdp').

const service = maker.service('cdp');

getSystemCollateralization

  • Params: none

  • Returns: promise (resolves to system collateralization ratio)

getSystemCollateralization() returns the collateralization ratio for the entire system, e.g. 2.75

const systemRatio = await service.getSystemCollateralization();

getTargetPrice

  • Params: none

  • Returns: promise (resolves to target price)

getTargetPrice() returns the target price of Dai in USD, that is, the value to which Dai is soft-pegged, which historically has been 1. It returns a USD_DAI price unit.

const targetPrice = await service.getTargetPrice();