DAO Counter Proposal: Sell Land Potions Only in DEC and Give These Funds to the DAO to Add Liquidity to the SPS:DEC and DEC:HIVE LPs
This a counter proposal to this proposal: https://hive.blog/spsproposal/@splinterlands/sps-governance-proposal-boost-land-survey-chances-by-burning-decdec-b that states land potions will be sold for 10k DEC or DECB and these tokens will be burned.
And a proposal to: Sell land potions only in DEC and take up to 1.5 Billion DEC from the land potion sale proceeds (10,000 DEC x 150,000 land plots) to be given to the SPS.DAO and divided 50/50 to pair up to 15M SPS to the DEC:SPS Liquidity pool and 1.2M HIVE in the DEC:HIVE LP (with HIVE to be targeted at a later date for acquisition). If HIVE acquisition becomes difficult a vote to increase the SPS:DEC positions may be possible in the future. Splinterlands posts are now providing the SPS.DAO HIVE from the posts it creates instead of burning them, which will provide the SPS.DAO some HIVE but not enough to rapidly pair it with this DEC.
The SPS.DAO currently has roughly 60M SPS not being utilized to grow the treasury.There are significant SPS rewards being given out to liquidity providers that the SPS.DAO could be capturing to grow the treasury. In the future the SPS.DAO will need to support these liquidity pools to help support the game as investors leave when rewards are no longer provided. The problem is the SPS.DAO currently lacks the tokens to support these LPs without selling SPS which the community would like to avoid. Two of the major reward paying LPs are DEC:SPS and DEC:HIVE. In order for the SPS.DAO to acquire DEC to fund these it needs large amounts of DEC.
There is significant push-back on the idea of land potions. Many players would like there to be a greater reason to spend an additional expense on land. As many of us are SPS owners and thus beneficiaries of the the DAO this is an excellent opportunity to assist the DAO in its long-term goals while at the same time seeing a potential immediate benefit of land potions.
I do not see us getting very many opportunities to acquire 1B+ DEC the SPS.DAO needs for this purpose unless we at some point vote to sell Riftwatchers packs for DEC, which many players seem against.
This is the first attempt to counter an ongoing proposal that has not come up for vote which has untested logistical issues. The player base either needs to decide to vote against the original proposal or both of these proposals need to be run at the same time and the one with a higher passing vote gets implemented. This is a test of this functionality as well for future SPS.DAO proposals.
While the original proposal has the DEC/DECB burned, these DEC will be essentially locked for 4+ years which has very similar short-term consequences. Many players may want this DEC burned which is a point of contention. This also does not give immediate utility to DECB, but I feel the long-term favors this decision. The SPS.DAO can either hold these indefinitely or choose to sell some when the DEC environment is much more favorable (additional potential future SPS.DAO benefits). With the addition of DECB this now puts up to 2B DEC + an additional 1.5B DEC pressure on the markets.
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There are a lot of reasons I'm against this but one of the biggest is I don't think players should be competing with the DAO for rewards.
As opposed to SPS staking which is the core of many gameplay mechanics this is mainly competing with other investors. I am also against the DAO competing with staking but I think the DAO has every right to compete with investors. Plus as I mention the DAO has to run these LP in the future. It should get rewarded for it now otherwise it will be very difficult to grow our treasury to where it needs to be.
so you have more stake sps than lp'.
shows again how everyone only looks at his own plate. those who more sps stakes, want dao in lp and those who have more in lp don't want dao to go in lp. finally stop looking only at your own situation. look what is the best situation for splinterlands and then bite the bullet and adapt to this situation!
Wonder if there is a way that ALL citizens of Praetoria (including the players, investors, stakers etc) can be taxed equally by the DAO?
@nebulusx I'm not ready to vote either way, but I love that we have so many different ideas floating around.
Its an interesting twist and you did a good job of laying out your thought process.
It runs counter to several of the existing votes: 1) staking the SPS and 2) land potion for DEC-B. So it will be interesting to see how people vote.
One thing I do know is we as a community are going to learn about each other and how to make things work (maybe by seeing what we don't like first). This adds to the other proposals that are giving us guidance on how the community thinks. Thanks for making it!
I love that we are getting additional proposals and people are putting their time and energy (and money!) into making these.
I'm voting for it in the pre-proposal because I feel like it's important to bring as many proposals as possible in front of a larger crowd, even if I may choose to not vote in favor of it should we see it as a proposal ingame.
Voted for this to send the counter-proposal mechanic through to voting proper; please fix your payment status so we can see it happen. I will vote against the actual proposal because DEC to DAO is not the same as DEC burned and the DAO will not have to sell SPS to acquire DEC in the future we can burn it instead. Love the counter-proposal idea though! Thanks for your input!
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I don't support land potions with DEC.
can you expand on this please?
basically when land was sold, we paid for it without any requirement of additional payment just to get our land. I don't support if anyone asks for payment for something that is sold already. There is many new things that they can make and sell, and we will pay depending on utility. Land utility is still up in the air. We need to understand the mechanics after it is released properly.
dec-b is not even there and already you want to take away its value 😖
This doesn't devalue DECB in any way it slightly delays its utility. You are going to be able to spend DECB to your hearts content on land upgrades and other things. I don't see another opportunity for the DAO to get 1B+ DEC it needs unless we want to start selling Riftwatcher packs for DEC...