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
LP Rewards
Outstanding
Notes
We are down to 61.5% of the DAOs holdings in SPS and DEC. It's been around 64% for a while, but the recent price action on HIVE, ETH and BNB are moving the needle.
The SPS DAO has now earned about $21,500 on fees from LPs.
The DAO's non-SPL holdings are up another $180,000 this month which when combined with last month's increase puts us up about $333,000 in non-SPL holdings for the last 60 days.
I've also updated the outstanding obligations to reflect the payments made by the DAO in the last 30 days.
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Cheers Clay, nice to get these updates to see how healthy the Dao is looking.
Thanks for sharing! - @azircon
What exactly is BUSD-T? I understand that BUSD was sunset when US government went to break up Paxos making Binance a stable coin, but what does the T designate? Is there any benefit to continue HODLing this coin?
Nice work Clay and we appreciate it!!
I would like to point out this piece, which I am certain someone mentioned already... somewhere... but I didn't see it...
It looks like the pool is represented twice? But I am not sure... maybe there are two pools?
Either way, it's a bit strange, would you clarify this when you have a chance?
Nope there's 2. If you click the link it'll bring you to the page where you can see all of the tokens/LPs as well.
As far as "why" well there was a proposal to create a range bound LP (the one with 0 USDT in it) and then one to create another range bound pool to pick up the slack when the first one fell too far below peg. Is it the best way to handle it? Probably not, but it's what the DAO has voted to do.
Ahhh, ok thank you
LP's only make sense at a rudimentary level for me
I always thought you had to have equal parts X:Y
So to see one pool at $0:$187k and the other at $181k:$1.3k was strange to me
I do see that in the wallet though, thank you!