FINALLY made it to 1M DEC stacked!

avatar

It's take like what's seemed an age, but I FINALLY have 1M DEC stacked and, unlike most DEC holders, the Hive to match, so I can double that for 15 minutes a day in the HIVE-DEC pool to double my air drop - nice!

Screenshot 20211103 at 08.59.58.png

It's taken me an ickle while to get to 1M DEC as I've been selling a little as we go and, more recently, buying some nice reward cards - I've got a couple of legendaries already and now I'm working my way to some Epics - I only buy when people put them on sale, I'm in not too much of a rush!

Next steps for DEC - 2 Million I think...

If it weren't for the SPS drop I wouldn't be holding so much DEC - it's nice to have a little bit liquid for purchases but given the print rate and the fact that there's so much in circulation, there is a LOT of DEC around so I'm reluctant to hold too much more.

Having said that, it is the easiest way to accumulate more SPS, which is what I want, so I am just going to keep on stacking, but I'm probably going to sell a little more than I have been and go a bit harder into the DEC-BUSD pool on Cub, I don't mind picking up a bit more while the SPS drop is on, similarly I don't mind selling some for BUSD either.

I do actually have about another 80K already in the DEC-BUSD pool - so I'm off to a good start, I think I'll aim to pump that up to 200K and then I'll just start stacking the solo DEC on Hive-Engine again, ready to pool with SPS when the VOUCHER Airdrop ends towards the end of 2021.

I might even sell a little DEC for Hive to keep that double reward thing going... I can't see the price going up much beyond what it is!

I think once I hit 2 Million, that will be sufficient, and in my mind a good million of that will be for Land related purchases.

Of course it might also take me a while to get to 2M as I might spend some on packs, and some more on levelling up cards, but whatever I do I'm going to TRY and end up with more DEC at the end of each week than I had at the beginning!



0
0
0.000
17 comments
avatar

Congrats bro, that's a big number!

0
0
0.000
avatar

Wow congrats on your achievement!

0
0
0.000
avatar

Damn sir, you are primed and ready for Chaos Legion!

0
0
0.000
avatar

...so I can double that for 15 minutes a day in the HIVE-DEC pool to double my air drop...

That sounds beside the point of the double airdrop but code is king and if you want to avoid impermanent loss it might be a good tactic. But Splinterlands should close that loophole because the extra reward is meant for providing liquidity and the correlated risk through IL.

What do you think about the SPS-DEC pool? I have much of my LP positions in there because when SPS goes up you get more DEC.

0
0
0.000
avatar

...so I can double that for 15 minutes a day in the HIVE-DEC pool to double my air drop...

if you want to avoid impermanent loss it might be a good tactic.

Interesting... Haven't thought of that option.

I have something in SPS-DEC too before the pack purchases, but I guess I don't want to mess with IL too much.

0
0
0.000
avatar

I'm surprised everyone doesn't do it!

0
0
0.000
avatar

Congrats on the milestone. I need to follow you more closely because you seem to be exactly on the path that I'm trying to get on.

With the 15 minute thing, is it any 15 minutes or is it during the snapshot this needs to be done?

0
0
0.000
avatar

I pool at 15.55 and then come out once the snapshot is done, which can take anything from between around 10 mins to 30 mins these days.

THAT'S GMT - do check the timings!

0
0
0.000
avatar

I know what you mean - it does feel like gaming the system, but it is just all about avoiding IL, and if I can do it I will - I know someone who does, or did it, with over 10M until he swapped a bunch for SPS.

The DEC-SPS pool - I will get into that, but all my SPS is getting staked ATM.

Besides if you've got it it's better to pool with Hive because you get less of a return for just staking that, so the best deal is pool DEC with HIVE and stake all of your SPS, or pool all of that with BNB even on Pancake.

It's the same logic as to why pooling Hive with ONEUP is a better deal than pooling it with SPT - it's marginally worse in terms of a return but I get 50% for staking my SPT so I'm better off doing that and pooling with Hive (only 10% staking return). Assuming I'm levaing everything in the system!

0
0
0.000
avatar

That's impressive numbers you have reached and have plans for. Congrats!

0
0
0.000
avatar

Smart move just using the liquidity pool for 15 minutes a day, I guess that will be another loophole that eventually will get fixed. I'm honestly a bit worried about DEC as everyone who is holding it now for the SPS airdrop pretty much will dump it one way or another if the pre-sale gets closer to an end and I don't know how they are going to solve this. Massive sell pressure = price crashes = less DEC gets Printed = Lower rewards make people leave = cards are sold = prices go even lower = more people leave = ...

How is not everything that made the game skyrocket (great rewards) going to reverse and make everything crash ?

0
0
0.000
avatar

One word:

LAND.

There are so many coming sinks in that, as long as they time it right people will go nuts.

I have a theory that with a tract I'll need something like 500K staked to be able to manage it effectively (SPS) - that's how they'll stop people dumping, requiring INSANE amounts of SPS to be staked.

0
0
0.000
avatar

It's not so much SPS I'm worried about, it's DEC
On the other hand, the team has shown to be capable of finding new ways to keep the economy up.

0
0
0.000
avatar

I'm sure there will be some new burn mechanisms around the corner - land will probably end up being a massive sink for DEC.

0
0
0.000
avatar

Having said what I said I am selling SOMETHING every week!

0
0
0.000
avatar

Congratulations @revise.spt! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 2500 upvotes.
Your next target is to reach 2750 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

The new HiveFest⁶ attendee badge is waiting for you
Feedback from the November 1st Hive Power Up Day
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

I've got a couple of legendaries already and now I'm working my way to some Epics

Having (more than) 1 million Dark Energy Crystals (DEC) is both legendary and epic at the same time. Congratulations. Have fun. Enjoy the game (and the airdrop).

Have a nice day and have a nice weekend.
All the best. Greetings from Hungary.

0
0
0.000