Difference between revisions of "MakerDAO"

On the other hand, if system surplus exceeds debt, the protocol sells Dai via a surplus auction for MKR, which is subsequently burned. This mechanism incentivizes MKR holders to keep the system running as intended; bad governance will result in MKR value dilution and vice versa. More information on recapitalization can be found in Maker DAO’s [https://makerdao.world/en/learn/governance/mkr-token/ community development page], while auctions are elaborated on [https://docs.makerdao.com/keepers/the-auctions-of-the-maker-protocol here].