Maker Protocol - flipper

yank

used during Global Settlement to move tend phase auctions to the End by retrieving the collateral and repaying dai to the highest bidder.

tau

auction length (default: 2 days)

ttl

bid duration (default: 3 hours)

deal

claim a winning bid / settles a completed auction

kick

start an auction / Put collateral up for auction

bids[id: uint]

storage of all bids

vat

storage of the Vat's address

Bid - tab

total dai wanted from the auction / total dai to be raised (in flip auction)

Bid - end

when the auction will finish / max auction duration

kicks

Total auction count, used to track auction ids

Bid - bid

Bid amount (DAI)/ DAI paid

Bid - tic

Bid expiry

flipper

DSS Collateral Auction contract

Bid

State of a specific Auction {bid, lot, guy, tic, end, usr, gal, tab}

Bid - usr

address of the CDP being auctioned. Receives gems during the dent phase

tend

first phase of an auction. Increasing Dai bids for a set lot of Gems

file

function used by governance to set beg, ttl, and tau

Bid - guy

high bidder (address)

ilk

id of the Ilk for which the Flipper is responsible

beg

minimum bid increase (default: 5%)

Bid - lot

quantity up for auction / collateral gems for sale

Bid - gal

recipient of auction income / receives dai income (this is the Vow contract)

tick

restart an auction if there have been 0 bids and the end has passed

debt

second phase of an auction. Set Dai bid for a decreasing lot of Gems