RE: Does holding DEC always give higher APR vs. Staking SPS?

generally yes, you are better holding dec for airdrop than SPS for APR assuming prices are steady. That said, this doesn't account for Vouchers as that is really quite impossible to guess. Will they be $1, $2, or $10? It also doesn't account for the fact that SPS has much greater potential to increase in value compared to DEC. DEC is more or less at the top of its potential value AND is at its ATH.

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Ecency