Posts
RE: Splinterlands DEC $1 Peg is Fascinating
25
@nealmcspadden
··
0 views
1 min read
Another thing to consider is that DEC's par value is not defended. It has dropped as low as 40% of par and has risen to 1500% of par.
On both sides, they let the market dynamics play out, and tweaked things along the way.
Right now we are sitting at about 70% of par and that just allows people to get discounts to the degree that they want. Or not.
Systems get into (more) trouble when they try to overrule the market. The Splinterlands team is smart enough to just keep on building and let the value speak for itself. Or not.
Posted Using LeoFinance Beta
