I don't know much about economies but have been pondering for a while if DEC will reach peg at all, before all existing DEC is locked up or burned. Holders of DEC are expecting the price to go up towards peg, but not much over it. So when DEC price goes up, the potential upside of holding DEC is diminishing. As DEC approaches peg, selling pressure will increase for anyone that is not necessarily using the DEC at that moment, pushing the price back down to find an equilibrium below peg. With a rising DEC price, people that expect to need DEC in the future see their risk in holding SPS diminish, because they can burn it for DEC at the right time and not lose too much value compared to holding DEC the whole time. As more DEC gets burned or locked up the equilibrium will move closer to peg.

So to sum this up into a thought/discussion provoking statement: DEC will not reach peg before the complete DEC supply is burned or locked.

Thanks in advance for your thoughts on this, if you want to share.