DEC Needs Its Own HBDStabilizer!?
The Splinterlnads team keeps introducing new additions to the DEC token to keep it closer to the peg.
If we can take one lesson from Hive and HBD that is the @hbdstabilizer has improved the HBD peg a lot.
Can Splinterlands introduce something similar for SPS -DEC?
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HIVE is inflationary where as SPS has a capped supply. I don't think a stabilizer like system makes much sense there.
SPS also has a dao with a bunch of tokens in it, and the cap is five years in the future, also can be changed with a vote.
To be fair splinterlands already has liquidity pools for it's tokens that have crazy levels of depth so they are pretty much sorted unless they are having trouble with the ammount of dec being printed.
In terms of liquidity probably yes, but in terms of price its not there yet...
that might be part of the problem why it's taking so long to reach "peg"
Or, Splinterlands could also utilize HBD.
It already uses it, but its an external token to the game ... this is more about the internal tokenomics of the system.
I think they just need to stop printing it and let the supply burn out. Hopefully the discussed proposal to do just that will come to a vote and pass.
Well, the idea is very novel. They take DEC always as 1000DEC = 1USD for their products
Forcefield up:
Push the price up through to the arbitrage on those purchases using DEC from the open market instead of buying with any other token.
Gravity for the price:
You can turn SPS into DEC and sell it
Meaning, as soon as the liquidity of DEC is in check, it should stay in check.
What would you change? Seems to me the stabilizer would take arbitrage away from the community.