RE: SPS Governance Proposal - Contract Flowdesk for SPS Market Making Services
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Market makers are undeniably crucial, particularly within centralized exchanges, and they hold immense significance for smaller marketcap coins like SPS. Their presence ensures trading activity, preventing the negative feedback loop that could result from a lack of liquidity, leading to less user activity, less liquidity and so on.
However, what makes decentralized exchanges (DEXs) truly remarkable is their accessibility. They empower virtually anyone to participate as a market maker, removing the need for substantial capital reserves. This is why I believe DEXs are the future. DEXs offer us the autonomy to manage liquidity as a community without over-reliance on the DAO or centralized market makers who charge us more than @clayboyn's salary as a retainer!
Therefore, I believe using these funds for further investments in marketing/DEXs can bring us MUCH more value. This entails exploring additional blockchain networks like Base, Polygon, and Arbitrum and receiving multipliers on their biggest DEXs. I'd appreciate an estimate of the costs involved in expanding SPS's presence on these chains, as well as enhancing our position on platforms such as Pancakeswap V3 through getting a multiplier for our LP. These investments will bolster our visibility among our core audience – web3 native users.
Ultimately, by prioritizing DEXs and broadening our reach to compatible blockchain networks, we will have access to a much wider userbase. In fact, out of 10+ people I spoke to at a web3 meetup in Australia, literally no one heard of Hive or Splinterlands, a couple of them even work in GameFi and know the industry very well! I honestly believe this strategic shift holds immense potential for SPS to flourish within the web3 community. Splinterlands is one of the most sustainable web3 play and earn game, thanks to our DAO's revenue share structure and the 2% DEC market burn:). Now it is time to focus on growth by spreading this message.
I beg no more useless spending like paying a b-list rapper god knows how much to send out a tweet, or being featured on an Imagine Dragons video.
This comment has certainly gone on a bit of a tangent, so in summary: no to this proposal, but thank you Clay for taking the time to put this together.
Fair enough! As I've said elsewhere, I'll likely abstain from voting on this proposal as I don't feel very strongly either way. I am also a fan of leaning more heavily into dex and establishing new LPs. That said, the community deserves a chance to act before it's too late, thus I paid for/made the proposal.
i wrote here my thoughts about it. hope its helpful for some: https://peakd.com/hive-13323/@mangowambo/embracing-decentralization-the-case-for-prioritizing-liquidity-pools-over-centralized-exchanges-for-the-sps-token
tldr: i will vote down, because i prefer DEXs.
Very well said, our core target should be web3 native users and reaching to them through DEX on other chains seems more valuable.