Publishing a DAO treasury report has been on the to-do list for some time now, but kept getting pushed back as other priorities came up. Now that a first version of community proposals is live and the SPS validators are getting closer to testnet release, it is of increasing importance that all of you - the community of staked SPS token holders - have clear information on the DAO treasury which is ultimately yours to use as you collectively wish.
The treasury currently holds assets in three wallets across four platforms (in-game, Hive Engine, Ethereum, and BNB Smart Chain). The wallet addresses with links to explorers to view the assets on the various blockchain platforms are shown below.
As a side note, if any of the fantastic third-party developers in the ecosystem would like to put together a dashboard that aggregates the DAO treasury information from the various wallets and platforms in one place, that would likely be very valuable for the community to be able to track the value of the SPS DAO treasury assets in real-time.
- In-Game -
@sps.dao(https://api2.splinterlands.com/players/balances?username=sps.dao) - Hive Engine -
@sps.dao(https://hive-engine.com/@sps.dao/wallet) - Ethereum -
0xb951679DB9E0cA31059e7528A82A756Ecb918519(https://debank.com/profile/0xb951679DB9E0cA31059e7528A82A756Ecb918519) - BNB Smart Chain -
0xdf5Fd6B21E0E7aC559B41Cf2597126B3714f432C(https://debank.com/profile/0xdf5Fd6B21E0E7aC559B41Cf2597126B3714f432C)
The total DAO holdings split out by token (excluding small amounts) is shown in the table below. This includes the sum of all of the tokens held in DAO wallets across all platforms and includes tokens that are liquid, staked, and paired in liquidity pools.
Please note that the numbers shown below represent the values at the time of writing and both the USD value and holding amounts may vary significantly as token prices and LP positions change.
| Token | Holdings | Approx. USD Value | Exchange Rate |
|---|---|---|---|
| SPS | 126,176,141 | $3,532,931 | $0.028 |
| USDC/T | 390,780 | $390,780 | $1 |
| BUSD | 103,480 | $103,480 | $1 |
| ETH | 332 | $535,848 | $1,614 |
| BNB | 1,420 | $434,520 | $306 |
| HIVE | 116,251 | $46,926 | $0.404 |
Total Non-SPS Treasury Holdings: $1,511,554
As you can see, the DAO treasury currently holds roughly 13% of all SPS in cirulation, and roughly 26% of all liquid SPS. Additionally, the DAO treasury holds roughly $1.5M USD (at current market prices) of non-SPS tokens. The non-SPS funds represent the remaining amount from the initial SPS private sale back in July of 2021.
LP Positions
The following table shows the LP positions currently held by the DAO treasury. As mentioned above, this information is as of the time of writing and will change constantly as token prices move and users make swaps in the pools. All of the token balances in this table are also accounted for in the totals shown above.
| Platform | Pool | Token 1 | Token 2 | Approx. USD Value |
|---|---|---|---|---|
| PancakeSwap | SPS-BNB | 1,321 BNB | 14,870,786 SPS | $828,397 |
| Uniswap V2 | SPS-ETH | 36.41 ETH | 2,145,576 SPS | $118,525 |
Please note that the DAO treasury wallets are currently excluded from earning any SPS rewards for its LP positions. This, like anything else, is subject to change via a governance proposal vote.
Good job on getting the report out quickly :)
Also for those who want to check the in-game assets more quickly, you can use splintercards website
https://www.splintercards.com/tool-account-info.html?acc=sps.dao <- Link to sps.dao in-game assets
Thank you for this treasury report!
Interesting to see another call from Splinterlands to create additional tools for the DAO. While I think it's great to the community actively involved in enhancing the resources, reporting and tools for the DAO, we should consider that we have already set a precedent with a previous DAO proposal to compensate a third party for work that was "suggested" by Splinterlands (proposal #18, https://peakd.com/@peakmonsters/peakmonsters-create-a-dashboard-to-view-and-interact-with-community-proposal-suggestions)
Are we going to want a DAO vote every time we want to compensate the community for a project that benefits us all? This could get unwieldy and cumbersome, and few organizations can be effective with so many stakeholders that are also decisionmakers. I would like to see the DAO authorize a reasonable budgeted amount per quarter for community projects, and empower a small number of individuals to make decisions below a particular threshold, where larger projects would require a DAO vote.
Go ahead and submit a proposal for that then!
Thanks for the information no more fud. I can sleep peacefully.
Cool post thanks for sharing
Nice
Nice can we have that Hive working in savings as HBD as soon as possible? Aggy said that he was open to that, then the DAO can make little purchases of DEC with the HBD's revenues on those savings. By now it's a small amount but with the votes of the posts can grow steadily and be significant in the future.
There is an issue regarding posting auto-generated posts and publish it for reward at hive blockchain. Hive stakeholders discourage that. A single post, or irregular human generated post that is posted for rewards is fine.
Hive reward pool is different, and there are hive stakholders who jointly owns it.
I'm not suggesting auto generated posts, Aggy agreed that the idea of having those 1000 HP in the savings would be good, I don't think that's any kind of exploit of Hive, nor that the stakeholders should have any word in what you put on your HBD savings.
Yes, none of that is an issue.
Just some cautionary words early on, that's all. I have a lot of bad experience in the past regarding similar and related circumstances, so do not want to take any chances.
So DAO has $828,397/$959,00 of the SPS-BNB liquidity. It needs to be getting its fairs share of rewards,
I presume its receiving the trading fees from pancakeswap, my view is one of the roles of the DAO is to encourage liquidity of the SPS coin, and by taking rewards for itself doesn't achieve this.
Then who or where would the rewards go to and how does that discourage liquidity? The Dao is taking the risk by being a lp provider, If the Dao auto reinvested the rewards it earns...wouldn't that be more liquidity?
This is very nice to have, thanks for sharing! Power to the SPS.DAO!
cool. lets spend it. :)
give me half and i won't make any more salty posts for 1 year 😇
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Very cool, thanks for the information. This is more than I expected. I'm definitely happy to be a holder of SPS, and I'm excited to see how this grows over time too!
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