You are viewing a single comment's thread from:

RE: The SPS Catalyst

in Splinterlands4 months ago

I agree, the "soft" marketing potential of a 100% gain in SPS price is not insignificant, after all, this is what new entrants into the game will be earning, and of course to optimise their earning they will need to buy and stake SPS.

DEC will bounce about at various levels below peg over time, and that's OK, when it makes sense ppl will favour buying and using DEC, pushing it closer to peg, thus incentivising the burring of SPS.

All the while the in-game/market burn mechanisms for DEC are growing and over time we will erode the DEC overhang..not tomorrow or the next day, but eventually, when that happens, any growth in DEC supply will be at the expense of SPS supply.

This is a great opportunity to divert SPS into the DAO to put us in a stronger position to fund rewards when the time comes, and hey!, if we accumulate a little USDC, what's the harm there...it can earn a yield, right ?

Sort:  

Yep, totally agree with all your points.