WHY I'M VOTING FOR THE DEC-B PROPOSAL

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The DEC-B proposal is being met with a wide variety of opinions but I wanted to cover why I am planning to vote for it, even in it's current iteration. I don't see this as a magic bullet for fixing the economy, but I think it's important to note that there is no magic bullet for the economy. There will be different efforts that should all come together to help us get DEC back to peg and hopefully start the flywheel for SPS.

What I Like

The way this proposal is designed allows for the community to be able to take advantage of the burn regardless of the price of DEC. You will always only need to trade 0.8 DEC for a DEC-B token thus there will always be an incentive to go for it. I also like the fact that there will be immediate utility through guild upgrades and hopefully guild alliances in Q1 per the latest timeframe target. With a fixed amount and a fixed time, this can be treated as a powerful solution to fix the economy at best and a low risk experiment at worst. The upside is huge, the downside is severely limited.

What I'm Open To Changing

I'm not the biggest fan of including vouchers in here. To me, vouchers should be addressed separately and given other utility. I won't vote against it because of vouchers, but would be open to seeing them removed from the equation entirely. I'm also wary of making these tokens tradeable, not just on Hive Engine but bridged to other chains. Ideally I think they would be best kept soul bound but as this seems like an opportunity for exit liquidity I fear we won't get that amendment. Finally, I think 2 billion is too small. I know this is an experiment and more can be done in the future, but I would rather be aggressive and see the team offer a larger number - 3 billion at least and up to 6 billion to really tackle the problem entirely.

The economy will start to flourish when DEC supply has been drastically reduced and demand for SPS to burn into DEC begins. With 6.3B DEC in circulation I fear that 2B will not be enough to have enough impact.

Overall though, as I said earlier I am planning to vote for this proposal as is. It will give some much needed utility to vouchers if it remains and can eat though large quantities of the tokens in the ecosystem currently.

What are your thoughts?



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2 comments
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I would have preferred if DECB was tradable, but I'll still support the soulbound option. It will streamline the process and make it cleaner for the ecosystem, so those are all wins in my book.

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