RE: Splinterlands DEC $1 Peg is Fascinating
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I'm obsessed with Yaba's tokenomics.
There are two ways to turn SPS into packs, via DEC.
You could sell the SPS for DEC, putting downward pressure on the SPS price, and upward pressure on the DEC price OR you could burn SPS to generate new DEC, decreasing SPS supply and increasing DEC supply.
When DEC is below peg, you want to sell/buy to get a discount on packs.
When DEC is over peg, you want to burn/generate to make overpriced DEC.
This turns SPS into a shock absorber for the DEC price. It's exquisite.
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This part excites me too….especially as Pump absorber on an already scarce asset.
Takes DEC pump energy and pushes it all into SPS.
I stopped trying to figure it out a long time ago.
Buy assets, watch numbers go up and compound.
Simple but effective.
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