Splinterlands - The DAO Treasury is expected to increase with the unclaimed airdropped SPS tokens

By Behiver | behiver | 24 May 2023

Splintershards (SPS) is the governance cryptocurrency in the Splinterlands play2earn game on the Hive blockchain which provides increasing levels of decision-making ability and control over the product evolution and the DAO Treasury to the player-base, asset owners, and other stakeholders. About 400M SPS tokens, or 13.33% of the total token supply, were airdropped on a daily basis over a 1-year period to players based upon the amount and type of Splinterlands assets held in their account. This event completed quite a long time ago, but even so it seems that there are unclaimed SPS tokens which remained in the air.

SPS Governance Proposal

There is currently a new SPS Governance Proposal flying around - SPS Governance Proposal - End SPS Airdrop Claims & Send Unclaimed SPS to DAO, which is proposing to increase the DAO Treasury with the unclaimed airdropped SPS tokens. The official text on this is like this.

We are proposing to close the window for players to claim their SPS airdrop on July 26th, 2023, at 12:00 PM ET / 16:00 UTC - one year after the airdrop ended - and that all unclaimed SPS from the airdrop be sent to the DAO at that time. According to our records, there is currently about 33M unclaimed SPS which, if still unclaimed by July 26th, would go to the DAO treasury if this proposal is approved. This will give players roughly another two months to claim any remaining unclaimed SPS from the airdrop, which we feel is more than enough time given it will have a been a year in total since the airdrop ended. A link will be added to the SPS management page on the Splinterlands website that will allow players to check if they have any airdrops unclaimed from any of the various platforms and to claim them until the deadline.

At the time I am writing this post, the current approval rate for this SPS Governance Proposal is standing at 92.76% based on the PeakMonsters Proposals Dashboard, which will probably move the proposal to its final stage of voting within the Splinterlands game, as an official DAO Proposal. If you didn't vote yet I encourage you to do so and afterwards cast also your official vote within the game once the SPS Proposal will be available.

DAO Treasury

The DAO Treasury is an important financial instrument on which the SPS holders can submit proposals, gather supporters and decide what to do with the funds from there. It is not holding just Splintershards (SPS), but also Bitcoin, Ethereum or Hive which are used in different Liquidity Pools. I am quite empowered by being a stakeholder in the DAO Treasury through my staked SPS and it is amazing that we can decide about the future of the funds available in it. And seeing that we have new ways of increasing this fund for the benefit of the players and all stakers and holders, that simply is more encouraging and brining more trust in the Splinterlands game and the ecosystem built around it.

While I had and still have mixed feeling about the evolution of Splinterlands and the strength of the assets from here based on the market price, I think that things are starting to find a balance and the Splinterlands teams understands now more than ever that they need to put the right mechanics in place in order to improve the tokenomics. Having a bigger DAO Treasury will allow using the assets from within for expanding the game in other ecosystems, bring more players and more engagement in the game. And that in the end will benefit us all as a flourishing ecosystem will repay in the end the investors and stakeholders.