A Post-Script Post
Related to the series I did, during the Run Up to and Just After the start of the Chaos Legion Pre-sale.
During the Run Up and just after- SPS climbed to .9 while DEC fell below .015- meaning that the ratio between then grew to > 65:1, so I swapped almost all my SPS out for DEC- increasing my original DEC investment by around 25%
52K DEC--> 1,000 SPS--> 66K DEC
(14K gain on 52K investment)
I did that to up my Air Drop Points and because I felt confident that, one way or another, the ratio would fall back to a more 'rational' number (between 50-55:1). When that happened I planned to Swap my DEC back into SPS, while using the profits to add to my position in the DEC:SPS Liquidity Pool- further Super-Charging my AD points for the SPS Air Drops.
Today, the ratio dropped back to 55:1 and I made the first move:
33K DEC--> 600 SPS
with the 100 SPS of profit getting paired with some of my remaining DEC and going into the Pool. Now my 100 SPS (Profit) will start to give me ~5,500 AD points/day- which is almost a full SPS/day on the Air Drop!
I'll wait, and watch the ratio between the 2- for the next few days.... I'm hopeful but not confident that the ratio may drop down below 55:1, maybe even 52:1. If that happens or even if it doesn't drop much lower- I'll Swap the rest of my DEC into SPS and push the profit SPS into the Pool as well.
Why the Pool? Why When the Ratio is Low?
The Liquidity Pool.... is Magic. It's actually 3 kinds of Magic and I ❤️ them all:
- Directly Swaps DEC to SPS and back- so easy! so fast!
- Gets you SPS Air Drop Points for your SPS (when paired with DEC)
- Multiplies your AD points when the ratio rises
That third kind of Magic is why. The amount of AD points you get for your position in the Pool, is determined by the DEC value of your whole position. So, as the ratio climbs- so does the DEC value of your position!
Eg. You put 50K DEC and 1K SPS into the pool when the ratio is 50:1- you get credit for 100K AD points during the SPS Air Drops. (or so)
Now, if the ratio grows to 65:1- you'll get credit for ~120K AD points!
The Currency Pump and Plan
Watching the ratio, I use the Tribaldex DEC:SPS Pool to swap back and forth between DEC and SPS- buying SPS when it's < 55:1 and swapping back to DEC when it's >60:1.
With each drop back to >55:1- I push the profit SPS into the Pool, while holding my original capital as SPS.