Is there enough buying to absorb the selling of SPS and other assets? So far the sell off of SPS and other assets into 2024 vs other crypto assets rise has been hard on SPL players who have a lot of crypto in the game as all assets and in game currencies as well as the DAO and HIVE as well are all down a lot from the beg of the year. Now that a many of the LP pools have adjusted or removed SPS rewards as well the risk may not be worth the expected returns when you can plop your liquidity in less risky things and get higher more predictable returns. On many protocols you can get much higher APRs and take on a lot less risk by say putting your liquidity in a usdc/eth lp or wbtc/eth or wbtc/usdc as well as lending protocols for stables which get equivalent or more than many of the LPs for less risk as well. This may be a better strategy than adding liquidity in game as you can get a non correlated stream of cash flow to support your gaming. The DAO treasury should be looking to recapitalize its stables and other non spl currencies into any strength that we have in the upcoming months so that it can build its war chest and also do so if we list anywhere as there will likely be a pop and that would allow the dao to sell large amounts into strength to recapitalize its stable coins and produce more steady cash flow passively along with using that income to help fulfill its purpose of funding changes to the game and sharing costs and profits with SPL inc and its investors. SPL inc can become what it is trying to become a game studio and manage a variety of games as well.
