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RE: SPS Governance Proposal - Increase Liquidity to DEC USDC Pool on BSC

in #spsproposal6 months ago

I guess DAO is not going to touch DEC until SPS reaches 50 cents.

Is there is liquidity problem?
I guess No.
As DEC is tanking ,players have 1290 million DEC lying idle in their wallet. If DEC price recover, definitely player will move this DEC to market. DAO in current state should not intervene.

Instead, I will favor DAO slowly liquidating DEC , when DEC reaches above 98% of peg value to build a stable DAO portfolio.

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I have been wanting us to look for a way to offload DEC since Rebellion presale. It's really not that complicated, we could probably sell it to the Splinterlands team or offload small amounts every hour when price > 98% peg.

No idea, 129 million new DEC added in circulation (2 million DEC per day) instead of deflation. I do not get any factual answer to it, it is speculation that cards were burned. (SPS were not burned as it's burning chart is flat)