Dss Flappers
Summary
MakerDAO has implemented new contracts to process the surplus of the stablecoin system. A new Splitter contract divides the surplus between a burning engine (Flapper) and a reward farm. Flapper contracts interact with UniswapV2, exchanging USDS for Gem tokens, with two variants:FlapperUniV2SwapOnly fully converts USDS to Gem, while FlapperUniV2 adds liquidity to the pool. — “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.
