Sorry, the phono stage does not decode anything
wrong. ever heard of the RIAA equalization curve? what do you suppose it does?
https://en.wikipedia.org/wiki/RIAA_equalization
some phono stages have multiple output curves besides RIAA for optimizing various early pressings. but your records would sound like crap without any output ’decoding’ circuit. lp groove cutting realities and playback technology realities require this equalization to work.
there’s no boosting or amplifying in a standalone DAC
wrong again. the only way a dac does not have an analog output stage to amplify the dac output is if the dac chips develop enough voltage on their own (very rare) or the dac is feeding an amp inside an active speaker system (very rare). dac chips rarely develop sufficient voltage to raise the signal to line level to feed the preamp. that is what the analog output stage circuit inside the dac does.
maybe the dac in your phone might develop enough gain to power your ear buds, as everything is miniaturized. but likely it has an output stage of some sort too. but it’s a special case.