Time for another report.
The average of daily DEC used by the DAO to settle the secondary market went down to 13.9m a day, which is 500k less than mid August. We still see about 4k USD worth of credits bought daily, so the fact that DEC is much higher in price means that more existing credits are spent than bought, so liabilities are further reduced.
The daily DEC inflow increase to just shy of 5m DEC, which is a not unexpected decrease but the fact it is just 1m less is not bad and shows there is still DEC income during a time where there is not much to buy. It still means 8.9m DEC is flowing out of the DAO on a daily average, which currently equates roughly 3.4k USD. So 4k USD in, 2k a day costs and 3.4k outflow of assets gets us to roughly 1.4k USD worth of value the DAO loses daily. 400 USD more loss at a time when there is not much to sell, I guess that's fine.
There is still neither public information on whether buybacks have happened, nor how much money is allocated to buybacks at this point. It should also be said that the DAO USD incomes are not visible in on chain data right now. In short, none of the cashflow or buybacks are trackable at the moment.
What can be said is the increasing DEC price makes it more expensive for the DAO to stock up on DEC. If we add up the DEC not in LPs the DAO has left we have the sps.dao account and the sps.dao.revenue we get 65m DEC liquid, 530m in the credits for DEC and about 900m in the sps.dao.reserves. So the DAO has sold off roughly half of its DEC since May 1st. Without the reserves the DAO has about 1,5 with the reserves 3,5 months of DEC runway left before it has sold off all its DEC, so roughly until the end of 2026.
For tradition, the burning table:
account total_since_2026_01_01 avg_daily
|LP_FEES|62.743k|241k|
|$GUILD_STORE|280k|1k|
|$MARKET_LIST_FEE|0|0|
|$ENERGY|11.412k|44k|
|$WILD_PASS|46.384k|178k|
|$UNBIND_ACCOUNT|13.405k|125k|
|$UNBIND_BURN|4.889k|19k|
|$RANKED_PASS|1.596k|6k|
|$SHOP|47.276k|183k|
|$MARKET_BURN_FEE|80.932k|311k|
|$RENTAL_BURN_FEE|0|0|
|$TOKEN_RENTAL_FEE|53k|0|
|$TOKEN_RENTAL_BURN_FEE|1.067k|4k|
|$LAND_GRAIN_AUTOPURCHASE|0|0|
|$LAND_TC_DECBURN|521k|2k|
|$LAND_POWER_CORE_PURCHASE|5.675k|22k|
|$LAND_GRAIN_PURCHASE|0|0|
|TOTAL|276.232k|1.137k|
The burning actually picked up a bit and crossed the 1,13m a day. This is mostly due to an increase of the LP and market fees.
The TL:DR:
The daily DEC increased of the DAO decreased by 400k and is now about 8.9m.
The DAO went through half the DEC it had on May 1st.
The higher DEC price means that this deficit increases the daily asset loss of the DAO to 1.4k USD.
Burns increased to 1.13m DEC with LP and market fees being the main contributors.
P.S:
I am currently designed a PvE mode for SPL with a full campaign editor. It is still in its early stages but if you are interested in this, let me know in the comments.