dss

Very complex. https://github.com/makerdao/dss/wiki The summary appears to be that participants can stake their non-DAI crypto assets into the system, and then borrow an equivalent amount of DAI at current prices minus a haircut (e.g. 80% of what they put in). This is the way DAI is created. Borrowers pay interest on their borrowed DAI. (How does this not result in a negative total amount of DAI? not sure) If your borrowed DAI falls below another threshold (e.g. 90%) of the value of your collateral, you lose all your collateral. Someone somewhere gets to buy your collateral for only 90% of its dollar value in DAI, and is incentivized to do so because they can then get 100% of the value back on the open market. Therefore borrowers are incentivized to keep their borrowing below this threshold. That's a pretty standard DeFi loan system; it se

Well most likely any relatively complex piece of software will get updated so we can exclude the current staples like MakerDAO[1] or Uniswap[2]. What would still be used as is would be some kind of basic function (as basic as `ls` or `curl` are to Linux), but given the very assembly language the contracts run on is still being worked on I think we're a little too early for that. [1]: https://github.com/makerdao/dss [2]: https://github.com/Uniswap/contracts-vyper