SPS Governance Proposal - Stop All LP Incentives

12 days ago

Purpose

After the most recent DAOn Hall, I ran a series of polls in an attempt to determine what proposals the SPS DAO would like to see related to its ongoing DeFi strategy. The poll exploring how or if the DAO would like to offer LP incentives going forward concluded with a resounding "No." You can view the results of that poll here.

Proposal

If this proposal passes, the SPS DAO will make the following changes:

Stop issuing all LP incentives on July 31st 2025
The tokens intended for use as LP incentives will remain in that particular reward bucket unless they are otherwise reallocated by a subsequent proposal

Notes

If this proposal passes it will be entirely up to the SPS DAO to determine how or even if the tokens will be distributed in the future. The DAO could choose to reassign the tokens for ranked rewards, staking rewards, send them to the DAO treasury or anything else the DAO may determine is a better use of the tokens. If the proposal fails, nothing will change without a subsequent proposal. Thanks for your time and consideration.

spsproposal spsdao splinterlands sps governance

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16 comments

@splinterboost 60

12 days ago

This post has been supported by @Splinterboost with a 12% upvote! Delagate HP to Splinterboost to Earn Daily HIVE rewards for supporting the @Splinterlands community!

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@sorryismurf -1

12 days ago

WE SHOULD STOP TO CHANGE EVERYTHING, EVERYTIME SOMEONE HAS A STUPID IDEA. WE NEED TO DO A PROPOSAL AND TO TAKE CARE OF OUR ACTION AND RESPECT THEM. WHEN SOMETHING IS BEING VOTED AND PUT IN ACTION, THAN THAT THING CANT BE CHANGED THE NEXT DAY CUZ A NEW GUY HAS A NEW STUPID IDEA. DO WHAT IT SAYS IN THE WHITEPAPER, DO A WHITEPAPER AND RESPECT IT, STOP CHAINGING THINGS EVERY TIME EVERY DAY , OVER AND OVER. IF WE WANT A RESPECTABLE DAO AND COMMUNITY , DO EVERYTHING NOW, LET'S VOTE FOR EVERYTHING AND LET THAT THING FOREVER(CANT BE CHANGED NEVER AGAIN). so for now i just vote NO cuz we just chase short time things with very important changes.

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@azircon 77

12 days ago

I am very tempted to downvote and nuke the all capital comment :)

but I think you caught me on a good day.

Please consider and try not to do this in future.

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@sorryismurf -1

12 days ago (Edited)

man, you like communism a lot i see. do you think i care what is coming from your mouth? go and exploit sps delegating system(which a lot of you sps whales abused for almost 1 ENTIRE YEAR, shame) before you Come here to point finger on me. there are people here who say YOU THE TRUTH IN YOUR FACE.

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@azircon 77

12 days ago

Well now you are pushing your luck :)

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@azircon 77

12 days ago

Be thankful that I am only pointing finger. I can do much worse

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@sorryismurf -1

11 days ago

seems that more and more people dont like you. there is a reason why you have so many enemies. you are not doing me any favour, so you can just stop with this arrogant tone.

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@snowboarderpete 52

11 days ago

it did make for some very difficult reading

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@clayboyn 75

11 days ago

I understand not everyone likes change. There have been plenty of proposals I don't personally agree with, but that's part of DAO governance. I'd like to point you to the section of the whitepaper that makes it clear this is meant to happen and by design.

Please keep in mind that it's the community asking me to explore these issues, run the polls and make the proposals. The DAO may elect to change anything at all related to the SPS Token and how it's distributed. The DAO may also choose to vote against these changes if it doesn't like them. I'm simply gathering information from the community and putting that information into an actionable proposal to be voted on.

https://sps.splinterlands.com/rewards

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@sorryismurf -1

11 days ago

I understand man, i also want to stop this LP rewards, or to decreasse them, the only problem, BIG PROBLEM here is that too many important changes are being done, and that whitepaper is useless, i understand that things can be subjected to change, but that shouldnt be abused like this and change everything everytime. that's why we should make rules (like a constitution) and act based on that rules.

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@thatclaimgame 46

12 days ago

You should consider including what amounts we are talking about, or at least a link where people can easily review this.

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@clayboyn 75

11 days ago

SPS:Swap.HIVE = 900,000 SPS per month
SPS:DEC = 700,000 SPS per month
DEC:Swap.HIVE = 200,000 SPS per month

These are rough estimates, they should be decreasing by 1% a month. so they're all a bit lower than that in reality. Not sure it's really worth the time to go ask a Splinterlands dev to pull the exact number for this.

I'd say somewhere between 1.5m and 1.8m SPS per month is a reasonable approximation.

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