The MakerDAO (MKR) auction to recover DAI collateral debt is almost complete, though the procedure suffered some technical setbacks. The community largely remains optimistic about Maker’s handling of the situation, as many took the opportunity to scrutinize and fix other potential issues.
The auction started on March 19 at approximately 10:30 AM EST with a somewhat uneventful kick off. Some of the people who had tuned in expected it to finish quickly, but the specifics of the auction made it a very gradual process.