You are viewing a single comment's thread from:

RE: DAO Proposal: Swap DAO BUSD and USDC/T For DEC

in Splinterlandslast year

The holdings of the dao should basically be set up like a investment fund with say 50% at least diversified out of spl assets geared toward growing a cash flow war chest and using a portion of the cash flow for gaming stuff and a portion is always retained to increase future cash flow so eventually this thing once the 3 billion units are done will be able to consistantly gorw the nav and eventually provide a large distribution on top of all the other benefits but if we do enough this could be a nice source of income and increase the tokens price bc it has a real NAV with clear assets that have value. I could see it interacting with the game providing funding and also providing investment returns that is a meaningful amount and potentially enough to really make a dent for ppl who hold large amounts of sps and would deff increase demand if the distributions' are large. Thats one way to force sps to go up is get the nav in the dao to appreciate which will inc price regardless of the flywheel. We should hold some dec in the lps but i would diversify outside spl assets and use the income to interact with the spl assets. Just need to make sure we build the war chest early so the dao is always funded and is in position to provide a bunch of cash flow to unit holders. The dao should be ran like a investment fund and business.