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RE: SPS Governance Proposal - Bring DEC to PEG using Team SPS fund.

in Splinterlands2 years ago

I have a real question. Lets say we get back to $0.001 DEC value again the "peg" what actully is holding it at that level. It could be pushed far higher like we saw when it was counted towards the SPS airdrop and we saw it fall to record lows because it held no more real value from the SPS airdrop and the massive bear market.

What is actully holding the peg in the first place if it gets returned. I rather see a solution to that instead of wilding throwing funds around.

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Burning SPS for DEC caps off the value of DEC at $1/975. Anyone who pays more than $1 for 975 DEC is just wasting their own money because they could have just as easily spent that $1 on SPS and burned it for 975 dec. If there's no reason to buy it above that price, how would the price move up above it?

I think DEC can still drop below by a little bit but because DEC will be so scarce, anything below peg should be looked at as a deal and be snapped up by anyone who regularly burns SPS to get their DEC.