Splinterlands DAO - Hive Power is standing at more than $600k

Splinterlands is anywhere close to any other play2earn blockchain game. And one difference from the other such games is the fact that it has a DAO with different assets like Splintershards (SPS), Ethereum (ETH), USDT or HIVE. The Splinterlands DAO is the treasury for the Splintershards (SPS) stakeholders. They can vote on how the funds can be used and ultimately we can see that they hold a share out of it. If in the worst case the game will reach EOF, the stakeholders can decide to split the funds from the DAO based on the percentage of the held SPS from the total supply. I hope that will never happen as this game and crypto ecosystem is too amazing and if I can say on top of that... too big to fall. But that's another thing, today I want to tell you a secret and that is the amount of Hive Power held by the Splinterlands DAO. So, let's jump right at it.

Splinterlands DAO Hive Power

Focusing just on the Hive assets from the Splinterlands DAO, we can see that the account holding this funds in the form of Hive Power - @sps.dao - is quite healthy. It has 1,025,383.486 Hive Power (at the moment of writing this article) which is increasing with ~2.78% APR for being staked and up to 13% APR from curating content related to Splinterlands. The value based on the Hive price when writing this article in the amount of $0.414, would make the Splinterlands DAO be valued at $605,502. This is quite impressive considering only the Hive portion of the DAO, which spread to multiple other assets as specified above.

Splinterlands DAO crypto assets

One thing that many players might not know or pay attention to is also to the fact that there is a dynamic report posted through a specific Hive account - @@@sps.dao.report - which keeps us informed by all the DAO assets and their corresponding value. On 8th of December 2024 we had a recent report that present us an updated DAO report - SPS DAO Treasury Report 2024-12-08 | $3,691,796. Here is a glimpse of the assets that are part of the Splinterlands DAO with their values. Please don't focus on the price as those seem to have remained quite back, just take a look as an overview of the held assets.

Splinterlands DAO proposals

Another use case for the Splinterlands DAO is using its treasury to promote different voted proposals. As anything these days needs funding to happen, the treasury can be put at good use in this form. And considering that all SPS stakeholders vote of the proposals and those either get funding or not, that's quite fair in my book.

Splinterlands DAO additional (potential) use cases

The DAO contributes to sustaining the Play-to-Earn (P2E) economy by allocating resources to reward pools for tournaments, ranked battles, and other game modes. This helps maintain player engagement and incentivizes participation. Without P2E rewards, we'd probably all go home. Besides this, the DAO treasury may be used also to buy back and burn SPS or DEC tokens, reducing their supply and potentially increasing their value. This supports the long-term economic stability of the ecosystem.

The Splinterlands DAO is at the hearth of everything that happens in the Splinterlands realm. Not only that it fuels most of the things from here, but makes every Splintershards (SPS) stakeholder be an investor in the economy from here and even outside, reaching different blockchains. Being involved in the DAO decisions proves responsibility, but also the commitment to the future of the game. I have been gathering Splintershards (SPS) since it was launched, didn't sell any for profits and I am simply strengthening my wallet with it. And patiently, I am waiting for the SPS skyrocket to go to the moon.

Here you can Join Splinterlands as well and Fight the Good Fight: https://splinterlands.com?ref=sm-goldies

Posted Using InLeo Alpha