Hey All,
There was a point when I was selling my accumulated and earned $DEC for buying $GLX tokens and other in game assets of the game Splinterlands. A quick note on $DEC which is also known as Dark Energy Crystals (DEC) and is one of the primary currency for most things in the Splinterlands shop and marketplace. $DEC can be used to purchase magical items, potions, cards and many other stuffs along with can be leveraged to enter the DeFi world as well to earn $SPS - Splintershards which is the governances token of the game! We are seeing different efforts and plans are are being put in place to bring back $DEC to its dollar pegged value. The recent example was around converting $DEC to $DEC-B and burning all the $DECs during this process. We did observe the price of $DEC climbing to not to an extent that it is pegged to USD and the value of 1000 DEC should be 1 US Dollar.
We still have a long way to go in bringing $DEC back to it dollar peg value. Ideally the price of $DEC has to be around $0.001 before we can call out the $DEC has regained its position back. The above chart is taken from coingecko and showcase the movement of the price of $DEC in the last 30 days. We do observe an upward movement in price and then again there is a dip of close to 8% today. There are many places from where you can buy $DEC and most of the $DEC is traded on pancakeswap almost 97% of volume is traded here. At the current price of $DEC you get around 1163 $DEC for 1 $BUSD
My Plan for $DEC...
So what is my plan for $DEC after considering all the things - where we are seeing a good price movement along with big strides being made to bring $DEC back to its dollar peg value. So here is my take, at the moment I am redirecting all my $DEC rental income streams to the Defi pool on Beeswap $DEC- $SPS - as you can see I have close to $1k+ in this defin pool 645K+ in terms of $DEC tokens and 20K+ in terms of $SPS pooled together.
Almost every day I am redirecting my passive income streams in this pool. Not much but it would be close to $10 daily is being added to $SPS - $DEC pool. Just to make it clear the $SPS that I get here is also from my staking rewards for Splintershards. Hence in all, I am leveraging my various crypto income streams to build this pool up on a daily basis. At time I have also taken advantage of buying in $DEC cheap and redirected all of them in the liquidity pool. The plan ahead is to continue BUILDing this $DEC- $SPS pool and bring it to a level where it is $2k+ worth. The value of this pool keeps fluctuating as we price movement of $SPS and $DEC. I am very optimistic that in near future $DEC will definitely gain back its dollar peg value and this is going to be a huge WIN for all those who HOLDed onto $DEC. The other thing that I wanted to highlight here is around the new utilities being added for the $DEC token. With Land dynamics coming into picture and $DEC for Land everyone is now running to have $DEC as much as they can. We will continue to see demand for $DEC rise and at the same time its price is also going to touch its base value to $0.001 pretty soon... $DEC to the moon... cheers
Have Your SAY on $SPS....
What is your $DEC strategy looking like? Did you buy $DEC at the low levels? Staked your $DEC? Are you selling VOUCHERs? for $DEC OR planning to buy more packs? Did you open enter Defi space with $DEC to earn $SPS? How is your $DEC GOAL overall looking like? Let me know your views in the comment box below... cheers
#dec #sps #strategy #splinterlands #DEC #Stake #rewards #liquidity #defi
My Strategy for $DEC - Build & HODL...
Best Regards
Image Credits:: splinterlands, coingecko