It is nice that active investors of Splinterlands has the opportunity to vote for proposals. This latest one has a lot to do with dividing proceeds of sales to the DAO. It started off getting a lot of negative votes but now it appears there is more yes votes to make the proposal to potentially go through.
Why DAO have assets?
Trying to build the fly wheel effect. The main objective apparently is to have more of the DEC from a purchase be allocated to the DAO thereby reducing DEC supply in circulation. The lower supply of DEC would in turn pull up prices and get DEC to peg. The continue demand for DEC to do trades will only increase the value of DEC.
Since this is still speculation I would believe it only when I see it. From time and time again I have waited for DEC price to peg and we have gone so close to have had held at and above peg for decent period prior to 2021 crypto crash. Yet it remains to be seen that there is anyway to increase value for DEC.
I do not mind giving up a little extra in fees due to sales of assets as this reduces overall supply of DEC. Yet to think there is potential in DEC price to peg just through this process I have my reservations.
Until next time thanks for reading!!!
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