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# System prepended metadata

title: 'MIP74c1-SP1: Restart a $100/day Micro-Burn of MKR in Show of Good Faith to MKR Holders'
tags: [Summaries]

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tags: Summaries
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# MIP74c1-SP1: Restart a $100/day Micro-Burn of MKR in Show of Good Faith to MKR Holders

This is a summary of the contents of this subproposal and its impact, from GovAlpha's perspective:

- This is a valid [MIP74c1: Adding & Modifying a Permissionless Open Market Operation](https://mips.makerdao.com/mips/details/MIP74#MIP74c1) subproposal.
- It proposes restarting MKR burning at the rate of 100 DAI per day. The DAI required for this will be removed from the surplus buffer and DssKiln will be used to purchase MKR on the open market.
- The author suggests that the symbolic value of continuing to burn MKR is important for MKR holders and potential investors.
- To avoid high gas costs, the burn could be implemented in practice in larger batches. The proposal suggests 700 DAI per week.
- This proposal has been assigned `Medium-Impact` based on the methodology listed [here](https://manual.makerdao.com/governance/off-chain/impact-estimations).

***Disclaimer: These summaries are intended to be a guide and not a source of truth. You remain responsible for any actions you take on the grounds of this information. Please note the date when the summary was last updated to judge accuracy.***

*Updated 2023-01-03*