Yesterday I had around 480 000K DEC in the Liquidity Pool, around 25K DEC down on what I'd originally staked (at one point I was 30K down on where I started!).
I had an additional 390 000 on Hive engine, giving me a total of 870 000 DEC.
I realised that at the current price of DEC, around $0.88, there was the potential for an additional 10% increase in the price until DEC hits it's $1 PEG (at which point people just start buying packs and burning the cards I think, which would be a pretty insane development to bring the price down).
I'm not sure whether it's my addled brain, but it figured that a 10% increase in price could mean I'd end up having an additional 10% of my DEC drained from the pool and replaced with ETH, and 10% of 480 000 is 48 000, which would mean I'd end up with 28K DEC less than I needed for my tract purchase, and my having to buy more DEC at $1 per thousand.
I don't mind the ETH, but I really want to make sure I've got the 850K DEC in my Splinterlands bank to be able to purchase.
So yesterday I moved to prevent this happening by simply removing 25% of my stake from the liquidity pool.
I've now got:
- 507 000 - on HE/ in my ETH wallet (it's pointless moving it back to HE yet, as it's a 1000 DEC fee for any amount)
- 379 000 - staked in the liquidity pool
- 886 000 - total DEC
(A bit more DEC relatively in the pool than yesterday!)
So now if I lose 10% of my stake, that's 38K, oh look I'm pretty much bang on the 850K I need!
NB I know it's not as simple as a 10% price increase draining 10% of the DEC supply, I was more freaked out about SO MUCH of my DEC disappearing and the figure increasing.
Now I feel much happier, and I've still got a fair whack staked.
I am a sucker for a raffle, and I think my tight fistedness can handle paying for a few more thousand DEC (rather than 30K) at a premium rate!
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