In the MakerDAO system, the most profitable party is not the Maker owner but the pledged asset.
According to data provided by the Peckshield team (figure 1), in the entire MakerDAO system, 64.7% of the revenue went to PETH holders (pledged assets), 26.8% went to Keeper (market stability Keeper), and only 4.5% went to MKR holders.
According to theBlock, in the MakerDAO system, PETH holders earn far more than MKR holders (figure 2). MKR holders will receive a token stabilisation fee (which has risen continuously), but it is still lower than expected.
But both sides fully agree that MakerDAO's stable currency DAI is very stable. The recent increase in MakerDAO stabilization fees may have something to do with increasing benefits for MKR holders.
Reference:
Learn about MakerDAO here: Block beat BlockBeats -- I borrowed some money from MakerDAO and instantly understood why it could "circle" 1.9 billion I borrowed some money from MakerDAO and instantly understood why...
To understand the MakerDAO system benefits, see here:@blue fox notes -- MakerDAO revenue analysis: who are the biggest beneficiaries?Web link
Here's theBlock: a tale of two cities: innovative products, inefficient value capture & NBSP;Web link


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