SPS Governance Proposal — Whitelist SPL Market as an Approved Third-Party Market

Proposal

This proposal asks the SPS DAO to whitelist SPL Market (spl.market) as an approved third-party marketplace, allowing it to retain the standard 4% market fee on transactions processed through the platform.

If approved, SPL Market will continue operating as it has for the past 2 years: discounted card sales, a bid system, DEC staking, and high cashback rates to Splinterlands players. The 4% market fee that sustains these services stays in place.

Who I Am

I am Altryx. I've been playing and building in this ecosystem for over 5 years.

My stake in this game (and this proposal) is real:

• 1,000,000+ staked SPS
• 7,000,000+ DEC (most of it staked on spltrader.com for the DEC staking pool)
• 5,000+ staked HIVE

I'm a solo developer. I built and run two services, SPL Market and SplTrader, and they depend on each other. SplTrader handles the trading infrastructure (bids, P2P deals, DEC staking). SPL Market is the marketplace where players actually buy and sell.

What SPL Market does

SPL Market is a Splinterlands marketplace where you can buy and rent cards. Also, you can buy land and items. The core draw: 75%+ cashback on every purchase (3% of the total amount spent, returned to you).

That's the baseline for free users. The full membership structure:

Plan	Cost	Cashback	Bid Cashbacks
Free	$0	75% (3% of spend)	0%
Monthly	$0.99/mo	85% (3.4% of spend)	25%
Yearly	$9.99/yr	95% (3.8% of spend)	50%
Lifetime	$99.99	99% (3.95% of spend)	75%

None of this is locked behind a paywall. Free users get a solid deal. Paid members get more, but the best value in the market is available to everyone.

What makes SPL Market different

P2P card sales: We buy cards through the SplTrader service and resell them peer-to-peer with discounts. Buyers get cards cheaper than market price. Sellers get exit liquidity without tanking prices. Zero marketplace fees on P2P deals.

Bid system: Players set target prices on specific cards they want. When someone lists that card at or below the bid price, it auto-fills. Powered by SplTrader, and one of only two bid systems in the ecosystem (the other being PeakMonsters).

DEC staking on SplTrader: Players stake their DEC in the SplTrader pool and earn passive returns. Withdraw anytime with a 24-hour delay. The pool is funded by market activity, not by printing tokens.

Why this matters to the ecosystem

SPL Market and SplTrader are not passive participants in the Splinterlands economy.

DEC burning. Roughly 20,000 DEC per day goes up in smoke through normal market activity. Over 2 years, that's millions of DEC permanently removed from circulation. We post daily burn updates on our X account.

Exit liquidity without price crashes. SplTrader buys cards from players who want out, then resells them gradually at fair prices. Players can cash out without dumping on the order book and dragging prices down for everyone.

Passive DEC income. Stakers on SplTrader earn real returns funded by actual market activity.

On top of that: $10,000–$20,000 in monthly market activity, and ~128,000 cards sold over the lifetime of these services.

Security and trust

People trust me with their assets. I take that seriously.

No private keys required. All transactions go through standard Splinterlands APIs and Hive Blockchain.

2+ years of operation with no security incidents. Many users trust the platform with thousands of dollars worth of assets and tokens.

Reserves are transparent. We keep 20%+ of all staked DEC in reserve at all times. Right now the reserve ratio is over 50%.

How the fees are used

SPL Market runs on thin margins. The 4% market fee isn't profit. It's what makes everything sustainable:

• Cashback payments to users (the majority of the fee flows straight back to buyers)
• Server costs and infrastructure for two platforms
• DEC staking pool yields for stakers
• Reserve maintenance so everyone can withdraw when they want

I didn't build SPL Market to extract maximum value. The goal was to give players a better deal than they'd get elsewhere, build something useful, and let SplTrader's value proposition reach more people.

What happens if this proposal fails

If SPL Market isn't whitelisted, the 4% fee goes away. And with it: the cashback, the bid system's economics, the DEC staking pool yields, and the P2P discount model. None of these are sustainable without that fee.

Two years of building. 127,000+ card sales. Daily DEC burning. A growing user base. All of it would effectively shut down. Players lose a marketplace that gives them better deals. The ecosystem loses a working DEC sink.

What I'm committing to

If this passes, I commit to:

• Continuing transparent operations as described above
• Maintaining the 20%+ DEC reserve ratio at all times
• Posting regular updates on market activity and DEC burning
• Operating in good faith with the DAO and the Splinterlands community

Summary

SPL Market has been running for 2 years. Nearly 128,000 cards sold. Consistent monthly transaction volume. Millions of DEC burned. Players getting better prices on card purchases than they'd find elsewhere. No private keys required, no security incidents.

I'm asking the DAO to recognize that track record and whitelist SPL Market as an approved third-party marketplace, keeping the standard 4% market fee that makes these services possible.

Vote For if you think the ecosystem benefits from competitive, high-cashback marketplaces that burn DEC and provide exit liquidity.

Either way, thanks for reading.

— Altryx

🔗 SPL Market | SplTrader | Twitter/X | Hive Blog