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.
Link to Wallet
Link to Wallet on Hive-Engine
Link to In-Game Balance API
We have already moved a billion DEC into an escrow account that is being used to fuel the Credit system in game and reduce our outstanding balance at the end of the month for the Splinterlands service contract. This contributes significantly to the reduction in treasury balance.
Our non-Splinterlands assets have stayed mostly the same, but we have now exited our HIVE and HBD positions. Those tokens were converted to USDT on the Binance Smart Chain and can be seen in the report above. We managed to reclaim $269,460 of stables from the original $300,000 spend. Which means that if we're factoring in the more than $400k of HBD paid to the team from the DHF after we bought the HIVE and HBD, we more than doubled the value of those assets over the duration of that agreement.
About 83% of the DAO's holdings are in DEC and SPS.
Originally I was considering modifying this report to show additional data, but I've decided to do a new report entirely for the end of the month when we settle up balances with the Splinterlands team for DAO revenue and invoicing.
