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

in Splinterlands2 years ago

Down voted.

If:

-The DAO held the DEC and sold it at $0.98 per 1k (with a daily limit that was very low to not affect the market much),

-The daily amount of SPS sold was lower,

-At DEC value around $0.9 per 1K the daily SPS selling was stopped

Then I may have upvoted.

This would mean the DAO has potential to profit from this so it is a trade that helps the peg value and the DAO funds. It also provides a light 'cushion' to low DEC values that will not have a hard impact on the market.