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RE: The SPS Distribution Audit

in #splinterlands6 months ago (edited)

Great work to bring this data in.

However, I have a question what will happen when we distribute all the SPS? I tried to get the answer from the whitepaper but could not find any.

Right now we distributed almost half of the maximum total supply. According to your tables, we will run out of SPS for staking and LP in 2027 and for validators in 2028. It is not that far from now. What then next? No rewards for those activities?

I can not see any way to bring SPS back to the ecosystem. Maybe the season pass should be sold in SPS, for SPS value of 1-2$ of SPS.

Bitcoin for instance has a halving mechanism for minting new tokens. We have fixed rates. They have fees for transactions, we have none.

I think we need to find a solution to bring SPS to the pool to redistribute them for all activities (or maybe I don't understand something).

I saw there is a proposal to cut off max total SPS supply. I suppose manipulating the total supply in either way just breaks trust in the whole ecosystem so this is not the way to go.

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We're currently sitting on about 2 million USD worth of DEC which can be used for rewards if it needs to be. As far as LPs, we've been moving to have the DAO take over LPs for a while now. I think it's likely those rewards will be phased out entirely or repurposed in a way that benefits the DAO long term. In general, how to make the DAO self sustainable is always on my mind and the driving force behind many proposals I put forth. I think we'll get there.