SPS DAO Treasury Report
The purpose of this post is to update the Splinterlands community and SPS token holders about the SPS DAO Treasury's holdings. The treasury is spread across multiple blockchains and accounts, so links to each wallet will be included to allow readers to validate these holdings. I will aim to make one of these reports monthly for as long as I am the SPS DAO Project Manager unless there is overwhelming demand to create them more frequently.
BSC Chain
ETH Chain
HIVE, Hive-Engine, In-Game
Link to Wallet
Link to Wallet on Hive-Engine
Link to In-Game Balance API
Totals
Notes
We are now around 64% of the DAOs holdings in SPS and DEC.
The SPS DAO has now earned close to $14,000 in fees on the new v3 positions that we've been running since February. Trading was definitely slower this month.
The rising price of HIVE, ETH and BNB have increased our non-SPL related holdings by about $90,000!
The increase in DEC and SPS price has led to the DAOs Splinterlands related holdings increasing in value by $490,000 as well!
I do not include packs or vouchers in these reports.
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Thanks for sharing! - @azircon
Can be useful to have one more section with funds already allocated on ongoing projects (like JPTR and soon cryptomancer). That will make it easier to understand the actual liquidity available to the DAO for new initiatives.
Maybe this is already shared somewhere else, in that case ignore this suggestion :)
Not a bad idea, thanks!
What do you think about this format? Clear enough?
Yep, looks good 👍
Yikes that's already like half of the non splinterland tokens being used. Why can't we put this information directly on the SPS voting page so it's very clear to people that there's not endless funds here to be working with and it's quickly being drained?
I'm not pulling this info from any API, I'm just manually collecting it in these reports. Not sure how they'd want to go about doing it, but I can mention it to the team.
At this point there's really no point in making any other proposals asking for funds because we just don't have it. I can't imagine we're going to be pulling funds out of LPs.
That's not a great spot for a DAO to be in lol We need to seriously focus on now how the DAO is going to generate funds moving forward now.
You don't have to convince me. I've already been working on getting passive revenue streams for the DAO for most of the last year. We've made like 13k or so on our LPs and cut like 30m+ in inflation (I think, can't remember exact number off the top of my head).
Currently trying to get us a new payment processor to run more fiat volume through our LPs. That should get the volume + trading fees the DAO receives to increase a bit. If you have a plan/proposal in mind to do something message me and we can try to figure out if it's viable and could pass a vote.
Excellent information.
Gorgeous 💜
This type of information is really important for the community. Perhaps a simple website with a bot that keeps balances updated for the community could be a great contribution. Of course, a monthly analysis of what is done with these funds and their accounting generate trust and credibility in the project.
Not a whole lot of money to be throwing around 400k and 150k paychecks. Hopefully the calls for such massive amounts of funds start to tapper off a bit otherwise this DAO is going to get drained fast!