RE: SPS Governance Proposal - Adjust Token Distribution Strategy

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I'll support this proposal as it ensures reward continuity for a reasonably long period of time, and it reduces ongoing monthly emissions. There are aspects I would do slightly differently, but overall I think this is a compromise that's generally positive and it's important that we settle on a longer term runway sooner rather than later. Also, we can always make adjustments in the near or medium term to further optimize this.

Couple of additional points:

  • Reward continuity: This extends rewards for 3 years, which is a very long time in crypto. It gives confidence to people involved (stakers, players, landowners) that the game won't suddenly run out of rewards. In a perfect world, I'd love something even more long-lasting, however even if we had some kind of "infinite" formula the reality is that when simulated it would get to a point (maybe 3-5 years from now, depending on the decay formula) where the rewards would just be too small. So while in THEORY an "infinite" runway is appealing, in practice it may not make so much sense. Perhaps if our token values increase significantly we can rethink the decay formula and propose a new one.
  • Emissions: I like that emissions are going down by 10% across the board. I personally would have reduced staking emissions a bit further, but my understanding is that there are many other stakeholders, including some big ones, who feel strongly about not reducing those too significantly. I will say that I probably wouldn't have as much SPS as I do if it hadn't been for staking rewards though. So even though I'm in a position now where I'd be fine reducing these further, I also can appreciate the impact that these rewards have on current as well as new buyers.


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