RE: 🧩 SPS Governance Proposal: Implement a 1% Weekly Rental Efficiency Tapering Mechanism

[bravetofu]

I feel like it's easier to just uniformly reduce the value of rented SPS by some number, e.g. 25%.

I also wouldn't want to treat delegated SPS negatively, firstly because it's used for new player onboarding and secondly because many of us (including myself) use it to delegate to our alt accounts. I don't want to have to distribute my SPS just because of this mechanic, seems unnecessary.

To be honest I'd rather not make changes to rentals for now. There is new utility coming to SPS soon - let's see if that impacts demand and the rental market before we make a decision on other things.

Also if we had a bid-ask market for SPS then you'd see prices go up as SPS owners could list it for higher and, in all likelihood, people would take those prices. I.e. get SPS owners to anchor the price, rather than the other way around. To me doing this and adding other utility to SPS is a better "fix" than trying to "taper off SPS rentals".

Comments

[azircon]

I like 25% immediate reduction. Can live with 50% or 100% too for rented SPS.

Also agree on that it is unnecessary for delegated SPS

[bravetofu]

As I've said before, I would be against completely removing SPS rentals. But I DO think there should be a difference in the VALUE of owned vs rented SPS. 25% or 50% decreased value towards ranked rewards would basically achieve that.

[rapidsps]

If I can just jump in with my point of view and reffer to your comment. Mainly I agree on everything I said but.

1. Sorry, misread the comment. But yes we could reduct it to 75% with decay to 50%
2. New player onboarding - if account is new, not older than 3 months it could get 100% value of rented/delegated. Think this is easy to keep track of.
3. Let's wait for this, let's wait for that. We allways wait to see how some things will turn out. Personally think something like this should be in place asap.
4. Yes, totally agree. We need the whole logic reversed. Same as it is on the xBot for example

Thank you for reading :)

[bravetofu]

1. Sure, but I wouldn't do a decay personally, just a flat reduction (and we can reduce further later as needed).
2. Meh, adds yet another convoluted mechanic IMO.
3. Fair enough.
4. Well there's a lot going on. It's not like we're holding our breath and doing nothing. Also on a related note, you know what's interesting is that if SPS price goes up, we'll hear people clamoring for either rentals or reducing the SPS requirements for ranked rewards. So yeah, we could do this now, hope it helps encourage (force?) people to buy, and then hear complaints about accessibility later.

[meredorn]

🔧 Potential Compromise Amendments

To summarize possible refinements based on community input:

Delegation carve-out for new players:
Delegated SPS retains 100% efficiency for accounts less than 3 months old, to preserve onboarding.

Immediate 20% Decay:
All rented and delegated SPS begin at 80% efficiency immediately upon implementation.

Unified decay for fairness:
After the initial grace period, both rented and delegated SPS follow the same global tapering curve, preventing abuse or distortion.

Adjustable tapering rate:
DAO can review and modify the weekly decay rate (e.g., 0.5%, 1%, 2%) periodically to maintain flexibility and adapt to results. I suggest to start with a 1%.

Efficiency cap:
The system could stop decaying at a predefined floor (e.g., 50%), ensuring that rented SPS remains viable but less rewarding long-term.

Implementation timing:
Activation should occur only after clear DAO consensus and with a grace period (e.g., 2 weeks) to let all players adjust.