This is a great idea…
Looking at slide 8 (liquidations) I understand that if the collateral fell below $200 dollars, the contract is automatically liquidated and the Dai gets burned.
The burning process as i understand is to decrease the supply of Dai in order to control deflation. and i know the process is that the Dai is sent to an address known as the eater address(inaccessible wallets).
where i get stuck is once these tokens are burnt do they ever come back into circulation? and if not why not?
e.g: Binance burns its BNB tokens every quarter and to date as of (April 2020) according to Bitcoin Ink https://bitcoinik.com/what-is-token-burning/ on its 7th burn equated to 829,888 BNB’s
Thats a lot of burnt dosh just vamooshed isn’t it?