FlapperUniV2SwapOnly
Summary
MakerDAO implements a new Flapper contract for the Maker Core contract Vow that is used to convert DAI surplus. In comparison to the other FlapperUniV2 contract, the DAI are only swapped on a Uniswap v2 pair and the proceedings sent to a predefined receiver address instead of deposited into the pair as liquidity. — “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.
