DAO DEC Report 30/06

It is the end of month 2 of DAO management and the day before the new vouchers and the land pack sales kick off, so a pretty good time to do another report.

In the 2 months since the DAO took over the credits.for.dec account about 744m DEC was sold, which is about 12m a day, which seems to be a relatively stable average now, which is actually not great, because the lower DEC price is counteracted by less credit spending. We are well on track that the credits.for.dec account needs to be restocked with DEC in July, but there is a good chance that a bunch of DEC will come back to the DAO through the land pack sale.

The average daily DEC income of the DAO picked up quite a lot and is now 626k, which is an increase of about 60k. The majority of which are still escalation packs. Since the increase in DEC spending by the DAO increased more the DAO now loses about 11.4m DEC a day.

The average daily DEC mint from burning SPS is about 80k DEC, so less is burned but it is still completely insignificant.

DEC burn details:

The burns are a bit less but still stable at about 1m DEC a day. Keep in mind the API still doesn't allow reading of all accounts, so it is likely more. With regard to the DAOs daily obligations, which comes 5500 USD per day or, at course of 0.000240 for DEC, 22.9m DEC the burn would equate to 4.3%. By not burning the DEC the DAO could reduce its daily net negative for DEC by 8.6%.

For credits the average mint per day is 3.746k, so 3746 USD a day average income for the DAO. It went down quite a bit recently, primarily the secondary market spending went down by about 300 USD to about 2.7k USD. This means the DAO is about 1.8k short of its daily obligations.

Note that the numbers would be significantly worse 2 days ago when the DEC price went down to 0.225, but a recent uptick to 0.24 skewed it a bit more positively. This is probably due to some early stocking up on DEC for the land packs.

The TL:DR:

• The DEC course is stabilizing a bit, probably due to the imminent land pack sale.
• Credit spending went down quite a lot, primarily secondary market sales in credits went down by about 10% in June.
• About 750m DEC was sold by the DAO in 2 months with the avg daily spending stabilizing around 12m. This puts the runway pre land pack sale to 50 days for liquid, 180 days if touching the last reserves (which would likely send DEC well below 0.2)
• Burns are still stable around 1m DEC a day and still do absolutely nothing other than making the DAO run out of DEC faster.