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RE: SPS Governance Proposal - Price Riftwatchers Packs in DEC

in #splinterlands2 years ago

I think that in the long run, it will not help to stabilize DEC to the peg price. IMO the main problem is that for a long time DEC was infinitely printed and now it is printed through LPs. Amount of DEC in circulation is so big, that I believe listing RW packs in DEC will pull up DEC price only temporarily. To stabilize DEC you have to:

  1. Stop printing it
  2. Introduce DEC sinks and use cases (which I believe you plan to do)
  3. Be patient, because decreasing amount of DEC in circulation is rather marathon than a sprint.

Cheers!