When Does The SPS Distribution Phase End?
In this video, I go over all of the different SPS reward pools and their expected end dates as given by Clayboyn after doing his most recent DAO treasury report - shout out to Clay!
There are quite a few dates that surprised me even though I knew they weren't fully utilized. My expectation is that many of these will change as we go along and the DAO opts to add more chains and bridges in the future, and potentially even other reward pools for new games or game modes.
Here is the graphic that was shared in the Shard Holders room.
https://img.inleo.io/DQmZjLqsBz91UFAyTYLe4v8pkjJbKbHB22EiHSeH3v7A4FF/image.webp
Staking rewards are the only one that seem urgent at this point. With them ending in less than 12 months this is a situation we will need to address within the next 6 months unless of course we decide to not extend the rewards (which I've advocated for in the past). I know many may not feel the same way but I do believe there is significant utility for staking SPS so even if we do extend it, I would like that to decrease.
What do you think? Was there anything that jumped out at you?
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I wonder what will happen if the distribution ends, the DAO has a big bag also of course, and when the SPS price hopefully rises, less SPS could be rewarded in battles and it would still be awesome
Yes the DAO has 400M tokens assigned to it which will probably be the first thing tapped into for ongoing rewards.
!LOLZ
With some distributions coming closer to ending, we really need expedite the completion of Validators. Great work for clayboyn for doing the SPS audit.
Validators will open a lot up for us so I agree it needs to be done ASAP.
I am actually worried that ending of staking SPS rewards will have a very negative effect on SPS price.