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RE: Using Splinterlands DEC on DeFi platforms

in LeoFinance3 years ago (edited)

Hello, and thanks for your article.
There might be a typo in your text as you wrote "the DEC token is soft pegged 1000 DEC to $1.00", but it's Splinterlands credits which are pegged to the USD as 1000 credits = 1 USD. At the time of writing, 1000 DEC is ~7.5USD (cf. e.g. the Monster Market prices)

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No, sorry. The DEC token is soft pegged to trade at 0.001/DEC. But, yes, at present DEC is trading above peg which leads to my conclusion that it may not be a great long term investment for one looking for price appreciation.

Thanks for your comment.

Posted Using LeoFinance Beta

Noted, thanks