I decided to pull some funds out of the Swap.Hive-Swap.BUSD pool a couple of days ago and swapped them out for some relatively cheap DEC, which is still trading at almost 25% below peg, around the $0.0075 mark.
Presumably DEC will hit the $1 PEG at some point!
I've been enjoying watching the DEC supply dwindle over the last weeks...
It recently went below 4.7 billion and it's pretty rapidly working its way down to 4.6 Billion.
O.K. Now that is a lot of DEC, but the recent burning and selling of RIFT in DEC and market fees mean more and more DEC is disappearing daily, and there isn't any more being printed....
And of all the assets in the SL universe I just think this is the only one that isn't deflationary, well it quite literally ISN'T!
Of course it all hinges on LAND, but as I see it there are MASSIVE staking requirements required which are going to lock up DEC and there is literally no way (I'd bet my entire card collection on this) there isn't going to be something else do with LAND which requires everyone to spend to MORE DEC to either speed things up or improve chances of mining something.
So I think buying now at $0.0077, certainly below $0.0080 just feels like an easy 20% gain somewhere down the line, certainly a no-loss situation.
Especially when I know I could use 3M DEC on my land, and I'm not there yet! (2M and counting, getting there!)
The HE Pools make this easy...
OK obvs I now don't have as many funds in my fave HE pool now...
But it's very nice to have some in there for precisely these kind of reasons, easy to buy whatever SL or other HE assets you like.
Also the pool itself offers both a decent return and nice HBD/ Hive hedge.
Needless to say I will be repopulating this with more funds at my earliest convenience!