Here's what I found in a review at 6 moonts:
"When the minimum level for the corresponding input is set to 5, the maximum level will be 65. Basically the min level is the amount of steps skipped in the first position. When used, the min level is subtracted from the 70 possible steps total. With an inefficient system requiring a volume level of 12 to hear anything, a min level of 10 removes steps 1-10 and max equals 60. The volume table offers from 3db to 1dB steps as follows: 0 = mute; steps 1-9 = 3dB; steps 10-24 = 2dB; steps 25-70 = 1dB. In terms of output voltage on RCA when min is set to 0, 62 = 1V, 68 = 2V. For XLR, the 1, 2, 3 and 4V out equivalents are 56, 62, 65 and 68. These will be the values to use in fixed output mode when 70 max at 2.6/5.2V on RCA/XLR is too high for either the following preamp's input stage or a system's overall gain structure."
http://www.6moons.com/audioreviews/wyred4/dac_2.html
"When the minimum level for the corresponding input is set to 5, the maximum level will be 65. Basically the min level is the amount of steps skipped in the first position. When used, the min level is subtracted from the 70 possible steps total. With an inefficient system requiring a volume level of 12 to hear anything, a min level of 10 removes steps 1-10 and max equals 60. The volume table offers from 3db to 1dB steps as follows: 0 = mute; steps 1-9 = 3dB; steps 10-24 = 2dB; steps 25-70 = 1dB. In terms of output voltage on RCA when min is set to 0, 62 = 1V, 68 = 2V. For XLR, the 1, 2, 3 and 4V out equivalents are 56, 62, 65 and 68. These will be the values to use in fixed output mode when 70 max at 2.6/5.2V on RCA/XLR is too high for either the following preamp's input stage or a system's overall gain structure."
http://www.6moons.com/audioreviews/wyred4/dac_2.html