MKR price has almost increased 300% in a short period of time. As well demand for Dai from ETH shows no signs of slowing down. We can take advantage of this by floping some MKR to rapidly build the buffer. If we set a starting bid of $1750, 2300 MKR can be issued to immediately expand the surplus buffer to 8MM, doubling our risk bandwidth for high-demand collateral types like ETH-A and ETH-B.
It might be a controversial position that we should use the Flop mechanism in good times rather than as a last-resort mechanism. However companies in growth mode issue equity all the time to fund expansion when the equity is at a high price. I think it makes sense to capitalize on the recent price rise by raising some funds now that we have burned several thousand MKR at an average price around $600.