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RE: SPS Proposal - SPS.DAO should stake an additional 28,000,000 SPS for a total of 30,000,000 SPS

in Splinterlandslast year (edited)

I have to downvote this. I'm all for the DAO getting a ROI on its assets, but I am against it for staking. Players are forced to stake SPS to vote and get other in game incentives. I think that APR shouldn't be taken away. Let the DAO fund SPS:DEC and SPS:HIVE. Sell the 15,000 riftwatcher refund packs sitting in its account and buy DEC and HIVE 50:50 to fund those LP. Those LP are higher APR than SPS staking anyway.

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I read all the comments of this proposal and I love your idea of putting liquidity SPS in the pool to get high rewards (in case of SPS.DAO needs more funds to operate) and it will not cut down the APR of in-game staking which is pretty low at the moment.

We discussed this in Mavs Chat also, but in general I agree with the idea of leveraging other assets to get the other half of the tokens to fund the LPs. Mostly I just felt that those proposals would all be more controversial than this one. And this doesn't preclude us from also pursuing those other ideas in the future.