SPS DAO Poll - What do we want to do about SPS Staking Incentives?
The purpose of this poll is to explore what the SPS DAO would like to do in regards to ending or extending SPS staking incentives. It's difficult to know exactly how much longer the staking rewards runway is due to the fact that earned tokens remain in the rewards bucket until claimed. My best guestimate is that staking rewards will run out somewhere in the neighborhood of 6 months with a 50% degree of certainty (give or take 3 months).
My personal assessment of this situation is that we need to make a decision in the next month or two to prevent the risk of one being made for us, so I am once again trying to restart these conversations as I am often asked by many DAO members to figure out what we're going to do about staking rewards. Well, let's try again to determine what we're going to do as at this point inaction could very well determine the answer to that question.
Here is the data with current distribution rate without factoring in the unknown unclaimed rewards overhang:
With all of that context, what do we want to do about SPS staking incentives?
What was the original plan, for rewards to run out, at some point? Please forgive my ignorance
Yea at some point the distribution is meant to be completed. People just keep asking me what we're going to do. I'm not the decider here, the DAO is, so I'm bringing this to the DAO's attention and giving it a chance to say if we should do something about this or not.
I say let them end. There are other places where it's more important to have these rewards (mainly gameplay).
I agree we need solid game rewards. I also see SPL as more than just the TCG. Every angle of SPL should be Gamified including investing, streaming, supporting, nodes, merchandising, marketing etc.
Dao invests some funds into an LP or other revenue generating fund.
Then distributes earnings to staked accounts.
Possibly, by buying SPS from market and then distributing. Maybe, distributing the earned Token itself. Although, distributing SPS as the final product keeps it straight forward.
Either way, I like the idea of profit distribution (from whatever means) over plundering our Capital.
Vouchers are a good reward too but I'd see them more as a snack & would want to avoid Vouchers becoming a problem as we encountered with DEC.
Distributing earned rewards seems long term sustainable.
Can we consider a SPS halving like BTC? Start one immediately then another in 3 months later, then 6 months later , then 1 year later, then 2 years later, then once we get to 4 years we follow the BTC halving of every 4 years. This should also buy us more time to grow our SPS reserves.
damn I like this idea!
i like this idea. Lets make SPS deflationary would even be better. A percentage of DAO income could buy SPS and permastake it. taking it off the market. burning it would also be an option.
I like the halving idea to extend.
This is what I was intending to suggest. I only thought of a simple reduction of emissions. Continuous halvings can extend the time left even more. Getting SPS Staking Rewards down to 3% APR is okay IMHO.
How about a dao dividend to stakeholders? That would certainly make it an investment asset.
Say 20% of Dao Revenue goes to Staked SPS asset holders?
Make it a spread weighted based on 18 months.
So any new pack revenue & LP generation would be shared directly with SPS investors.
That would make SPS ownership & DAO more SPS centric pushing value long term.
Interesting take. If it's not exposing us to regulatory pushback I could see this driving up the value of SPS.
The poll clock just ran out! Ready to reveal what everyone's thinking?
The top-voted choice is Extend with tokens from unused LP Incentives. with 53598903.084 SPSP voting for it.