Vamsi Alluri@vamsi0x• over 6 years ago

Replying to @RLoombs

@RLoombs @cburniske @MakerDAO Singe collateral Dai does not use bidding or auctions, only continuous sales to anyone willing to buy at a fixed 3% discount to current oracle price. We’ve seen some Keepers bite and interact with DEXes in one transaction. They either lose gas or get a guaranteed profit in Dai.