A new path towards funding has been opened for the Splinterlands community! This deal with an influential Hive group could be massive! But will there be unintended consequences?#splinterlands #web3gaming #airdrop #tcg
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▶️ 3Speak
HBD is protected from the Luna scenario due to a mechanism that stops the death spiral. If LUNA had that it wouldnt be the joke that it is.
A strange argument you make at around 17 mins about the DAO leeching value if they bought more Hive and staked it. That argument would then also apply to 100% of everyone that ever bought Hive.
That 13,3% curation APR is the incentive to buy and stake Hive, it creates numerous benefits to the whole ecosystem.
A Hive investor would want the SPL DAO to spend all its assets to buy and stake Hive and HBD. Not only would it NOT doom Hive, it would benefit it.
Hive is saying:
I've been saying for the last two years that those stables should be earning interest or at least part of it. There's NO reason we shouldn't be building it and doing something with it to help the game economy. I wouldn't fully rely on it but there's simply massive potential there. Even if you just did half of it 3 million bucks worth and made let's say 5% in stables that's 150,000 a year that would cover the SPS job that's 60k a year, giving us 90k profit. even if you split that 90k in half and used it to buy and burn or buy and slowly reward it out from the DAO that's still huge and will have a positive impact on the price. and that's like you said ALL interest.
I'm still going to be honest here though I don't like ALL of it going into HBD it's not stable enough for me and the hive and HBD price jumps all over the place rapidly to the point you could lose 5% before you're even able to sell it. There's not enough liquidity or solid pools to extract value out of it if you wanted to.
Also remember Hive is locked up for 13 weeks so your liquidity there if you needed it would be very hard to get to including the rewards earned from it.
For myself I'd rather see the funds split across solid stables like HBD sure which we have and are growing and should be in savings as it's only 3 days release period. USDC 5%+
The other thing which no one seems to talk about is that Splinterlands the company or the DAO I'm unsure what entity gets it but there's a 5% fee on most swaps, nft buys and so forth which is generating massive amounts of revenue as well! There's a lack of clarity I think about how much is generated and it kind of sucks because I don't think Splinterlands is really that bad off. Otherwise they are still overly spending and that's always going to cause a issue if they don't get their expense in order.
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