Although I am literally 13 DEC shy of staked DEC I feel it is reasonable enough to conclude I have hit my DEC stake amount goal that I had set for myself months ago. I needed to hit this amount in order to begin rolling into more Splinterland investments. As of now that is to build out my fifth plot as I have left it empty for months.
I will also need to add onto my wood production to make things balanced better among all three resources. For now the small goal of hitting required DEC needed is something I appreciate a lot. It took many rentals and conversions from resources and Vouchers to DEC but I think it was worth it for the long haul.
My goal of hitting 250k SPS staked is still in progress and for those unaware earlier in the year I had converted some of my SPS to DEC in hopes of yielding more in SPL Trader's DEC pool.
The chart above is the ratio of DEC to SPS and it was not a good trade for me to go from SPS to DEC. In fact I likely would be at a lost at current standings if I converted back my DEC into SPS as the rates have fallen 30% or more since my conversion. The trend is not my friend either as SPS price continues to be rising versus DEC. This trend has lead me to believe the majority of asset holders are swapping DEC for SPS knowing that the latter's supply is limited.
I ride my hopes that demand for DEC will somehow rise very soon to combat this trend and I will be more forthcoming with the transfer to SPS. On the other hand hope does not bring better chances of getting good trades in.
The bread and butter of SPS data above curtesy of Splintercards.com. The amount of SPS is still large but amount staked and burn is close to half of the original fixed 3 billion amount. What will be interesting to see is is SPS indeed rise in value as time passes and more SPS is staked leading to smaller liquidity supply on the open market. Lower supply and higher demand is a recipe for higher prices.
Posted Using INLEO