Splinterlands | Upcoming Proposals

After a long period without any proposals in Splinterlands, it looks like 3 of them will be passed soon for voting. These are my thoughts on them...

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Some of the problems in Splinterlands right now is that there is an oversupply in pretty much everything. There is still a ton of DEC that needs to be burned in order to get it to peg so SPS will start getting burned all while some of the previous card sets printed way too many cards. The Dao has some tools and a lot of stable coins to help the situation and these are some proposals that are upcoming.

Proposal #1 | Convert Unused DAO Token Holdings into SPS

Basically, the DAO has a lot of different assets

• 571,323 USDC & USDT,
• 296.36 ETH,
• 73,386 BUSD
• 98.9 BNB,
• 116,251 HIVE

Some of them right now don't serve a purpose while the DAO in the future will be responsible for providing rewards once all SPS in in circulation. So with SPS at an all time-low there is an opportunity to stack up in order to provide the DAO with extra holdings to use as future rewards while helping to support the SPS price with some buying pressure up to a 0.02$ price.

I fully stand behind this proposal but only really if there will be a reverse move in case we ever get in a crazy bull run where SPS becomes overvalued. Basically stack up on tokens while they are cheap during the bear market when nobody wants them and let some go during a bull market in order to have a war chest when the next downtrend hits.

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Proposal #2 | Convert Unused DAO Token Holdings into DEC

This is a counter-proposal to instead of SPS convert it into DEC to help get that supply down to sooner get to the Flywheel where SPS is burned to buy DEC needed for the game. Personally, I'm not a fan of this since you would basically swap a real stable coin for a 'fake' way more risky one with little to no upside value potential. Eventually, DEC should get to peg (and go way below it again) regardless of the Dao swapping stables for DEC. If there is a bull run it would be possible to sell it back for a +30% profit while SPS easily has the potential to do a 10x from here which would provide way more value to secure the future of the economy.

So when it comes down to these 2 proposals, I will be voting for SPS always.

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Proposal #3 | Burn Cards for Riftwatcher Packs

One of the main issues in Splinterlands right now is that there are simply too many cards which puts pressure on players their total card collection value. Seeing this go down week after week has made it hard to justify buying anything in the game anymore aside from as an expense to have fun with. It is seen with the previous promo card and the Riftwatchers pack that there simply isn't the demand at current prices. Most likely this will be similar for the upcoming Rebellion Set.

So if anything, players needs some kind of assurance going forward that this oversupply will be fixed one way or another and that it doesn't happen again. The idea of burning cards for packs or other cards has been floating around for some time and I really like the creativity of this proposal to burn cards for Riftwatcher packs to the point where it's favorable when common cards go below 0.04$

While I for sure would vote yes for this one, it mostly comes from a point where I hold Quite some of the lowest-value cards while I have nearly no Riftwatcher cards. What this does is pretty much take value from riftwatcher holders and transfer this to holders of the lowest-value cards and it might not move the needle enough.

However, I do really like the proposal to be on the table and I'm quite sure there will be a time where cards are going to be burned in masses one way or another. Something I would personally do is for Soulbound cards to be made transferrable, a similar cards needs to be burned as one on the basic requirements. Soulbound cards also need to act as starter cards once a new set is released in that they no longer earn reward points unless they are made transferrable. I also like the idea that new game modes such as draft mode using cards from players that delegate their which provides them part of the fee that is paid to enter the mode putting everyone on a level playing field.

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Conclusion

I really like the idea of the DAO stacking up on SPS while it is at current values putting some of its stable holdings to use. I also really like the idea for cards needing to be burned in order to mint other cards or packs so players that buy packs or promo cards going forward have some more guarantee that there will be more demand for this use-case. I'll be voting yes on 2 of these Proposals.

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