However, in a pure burn model committed to never distributing cash flows, each outstanding unit post-burn is entitled to a larger share of…. nothing. At most, each outstanding unit has a greater probability of being able to sell to the one and only natural buyer: MakerDAO itself
1/ I just published an analysis of MakerDAO’s revenues for its first calendar year. I was surprised by what I found while crunching the numbers. First surprise: MakerDAO made 6.6M DAI/USD last year.
https://t.co/jAMJgkhpFq