DMG BURN BURN BURN

[Anonymous No.22385289]

Burns alongside Yield Farming are gonna be goooood. NO NO NO GREG YOU CAN'T JUST BURN MY DMGARINOOOOO

https://medium.com/dmm-dao/introducing-the-first-dmg-burn-in-the-dmm-ecosystem-10a11397402e

The token burn would be conducted by the DMM Foundation which will buy DMG from Uniswap using USDC. Then, the purchased DMG will be burned once by invoking DMG’s native \burn\ function.
The following table, shown below, showcases the estimated value of mTokens in circulation for the months of March through August. Then, the amount burned is calculated by multiplying it by the monthly amortization of the burn percentage (which equals 4.74% / 12).

A table showing the correlation of mTokens in circulation to how much DMG will be burned.
Why are Token Burns an Integral part of the DMM Ecosystem?
In its intrinsic nature the DMM: Governance token is deflationary, meaning that there is a fixed supply of 250,000,000 and there will never be anymore. With that being said, as the DMM DAO votes to do future burns based on the over-collateralization generated, the DMG supply will be constantly decreasing. We believe at scale this can be significant.