I would have upvoted this except for the burning component. I think the DAO desperately needs to accumulate DEC so it can provide liquidity once the LP rewards end, and removing DEC from circulation is just as good as burning it (from the SPS flywheel perspective).

This is the most ridiculous idea I have heard in a long time. Downvoted 

I have a real question. Lets say we get back to $0.001 DEC value again the "peg" what actully is holding it at that level. It could be pushed far higher like we saw when it was counted towards the SPS airdrop and we saw it fall to record lows because it held no more real value from the SPS airdrop and the massive bear market. 

What is actully holding the peg in the first place if it gets returned. I rather see a solution to that instead of wilding throwing funds around.

first, but not yet ready to fight. there were too many fights the last days!

Hey @chaoscommander , first I want to say that I'm thrilled to see you put together a very well though out proposal.  I think you did a good job of laying out your arguments and were clear what you are looking to do.

I did vote FOR the proposal because I want to see this proposal make it to the final round and get voted on by the whole SPL community.  I'm not sure I will support it in the final round though, in fact I would probably not vote for it for the 2 reasons stated below.  I will have to think through all the implications, but I'm super happy to see the proposal.

Regarding your proposal I have several comments now, and will probably have many more thoughts when I've had time to think it through.

**Things I like:**

- I like you are thinking about getting the flywheel started faster.
- I like you are trying to grow the DAO's assets by adding to the DAO's SPS balance.
- I like you showing the power of the DAO.

**Things I don't like:**

- I don't like us voting to take the team's SPS unless they have agreed in advance.
- I don't like burning assets of the DAO (but don't mind holding assets in the DAO to keep them for long term investment)

Overall this is great that you are doing this, and whether or not it passes, I'm impressed at the job you did!  Well done!!! 

I upvoted, but mostly to help counteract all of the negatives for your HIVE rep. 

I would actually lean toward a "no" but don't really have a strong opinion on this one. It is at least a fair proposal that has an equal proportional effect on every SPS holder instead of picking winners and losers on our #dectopar journey. (unlike some of these other proposals lately)

It is interesting how people seem to adamantly dislike this proposal that would have a direct effect on their SPS value, but tend to be OK with ones that drain other peoples' value. 😥 
So it seems that as a community we all want #dectopar, as long as someone else is bearing the brunt of it. (obviously not everyone, but in general)

The premise of the idea isn't bad. However, the proposed implementation leaves a bit to be desired.

The issues I see are:
1) The team's SPS are not the DAO's SPS; so it doesn't seem right to demand that of the team. 
2) Burning the DEC would waste it when simply taking it out of circulation should be good enough, (I'll explain below)

Don't get me wrong, getting the flywheel going faster is a good idea, but If the DAO is going to decide on it, it should be the DAO's funds that do it. With that, I think burning the DEC would be a waste and would only hurt whoever tried to buy the flywheel into motion.

Instead, I think it should be our(the DAO's) funds that buy the DEC to take it out of circulation. However, I suggest the DAO hold it to be prepared for when/if there's a reason that the flywheel system can't cope with what's making the price of DEC rise too high again.  Instead of burning the DEC and using it for this purpose, the Dao selling some back into the market would further enrich the DAO. Especially if it trades the DEC for SWAP.HIVE or something else it can do more with.

As far as what too high is, I think that's a figure that should be discussed and decided by those in the DAO. 

I honestly think that would be a better method to go about it. I'll keep an eye on this and ponder for the next couple days before I vote.

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To support your work, I also upvoted your post!


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When DEC-B doesn't work to bring DEC to peg, we can try other things, but I don't think this is the right approach. 

I get what you're trying to do and I appreciate it but anything that just shuffles around assets to me is just market manipulation. And the fact that you've even mentioned printing more SPS is a huge turn off even if it has nothing to do with this proposal. Still though, thanks for putting it up for a vote. 

I thought the math on this was pretty interesting. I made this sheet:

https://docs.google.com/spreadsheets/d/1tRv9Njbd1c0TsBiNCYrbXW3PxCInroKFQUUh-uk_wB8/edit?usp=sharing

Basically, all other things being equal, 65k/day over 2 years would change 1 sps = 41 dec to about 1 sps = 9 dec. 

Of course things are not equal, and people would trade in the opposite direction as well. But I think it gives a ballpark idea of how much price support this would give. It's not much on any given day, but it adds up over time.

Also, 65k/day is somewhere around an 8% increase in the daily inflation of sps. I think that's probably a decent middle ground for how much extra inflation people will tolerate.

Probably wasn't the right time to propose this. Need to wait to see what the DECB and land potions can do for DEC. I'd rather the team's SPS sit right where it is doing nothing than entering the market.

Down voted.

If:

-The DAO held the DEC and sold it at $0.98 per 1k (with a daily limit that was very low to not affect the market much),

-The daily amount of SPS sold was lower,

-At DEC value around $0.9 per 1K the daily SPS selling was stopped

Then I may have upvoted. 

This would mean the DAO has potential to profit from this so it is a trade that helps the peg value and the DAO funds. It also provides a light 'cushion' to low DEC values that will not have a hard impact on the market.

Thank you for participating in SPS DAO Governance @chaoscommander!
You can place or monitor SPS Stake Weighted votes for and against this proposal at the link below:
[Link to this Pre-Proposal](https://splex.gg/proposals/6)

> ***This Pre-Proposal is over!***
> 353 Users voted with 8% of the staked SPS supply at that time!

*Updated At: 2023-01-26 00:08 UTC*

![Summary](https://splex.gg/proposals/6/png?ts1674691723)

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A number of people have asked me what I think about this proposal, and I apologize it has taken me so long to weigh in. I like the spirit of the proposal which is to use DAO funds to buy DEC, but I think there are better ways than adding more SPS inflation to do so.

This proposal has made me realize that we need to publish more details about the DAO wallets and what assets are available. I am working on a post with more information about that which I think will help inform many future proposals around the use of those assets. I may even publish a proposal or two myself similar to this one.

@chaoscommander even though it looks like this proposal will not pass the informal voting period, it appears to be very well thought through and I think it will ultimately lead to other proposals that may end up passing and help the ecosystem significantly, so thank you for submitting it!