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RE: SPS Governance Proposal - Convert and Power Up Swap.HIVE

in #spsproposal2 months ago (edited)

A more stable, higher return option would be to convert it to HBD and put it into the HIVE savings function. There is a 20% APY vs < 3% for powering up. In addition, the withdrawal period would only be 3 days.

In order to build the HIVE power of the DAO account, the monthly interest from the savings can be used to power up. This creates a way to achieve the proposal over time, while keeping the value in an asset designed to be stable resulting in a lower risk of depreciation.

I think this option would also show support for HIVE, adding $100k in HBD to the savings stats can't be bad. And putting idle assets to work is a no-brainer.

I don't think SL should be asking the DAO to support the DHF proposal. It just seems shady from my perspective and almost feels like a shakedown of sorts IMO.

And as far as voting proxy, I don't think Splinterlands and the DAO should be linked in that way, AT ALL. It's a sure fire way to have the profit interests of the company outweigh the benefit to newer players or old hats that are invested in the DAO. A slow bleed, or a fast one, it's 100% sure to happen. Them's the rules of capitalism.

The higher interest rate will generate a better DAO return first, but will, over the long run, create an ever growing upvote power to benefit content creators.

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Splinterlands isn't asking. I had this thought and I had probably a dozen community members message me about making this proposal. They want the DAO to support the DHF proposal.

Oh it is shady but they were horribly run/managed and blew through all their money so they beggars now 😂