The purpose of this proposal is to take the swap.hive that has been in the DAO's possession and sitting idle on hive-engine for over 2 years and utilize it to support Splinterlands ongoing DHF proposal while allowing the SPS DAO to support and grow its stake in the HIVE ecosystem.
If this proposal passes, the SPS DAO will withdraw all of it's 116,251.43 swap.hive from Hive Engine and turn it into HIVE and then stake it for HIVE Power. The SPS.DAO account will then support Splinterlands ongoing DHF proposal, set the @steemmonsters account as its voting proxy for HIVE governance voting and lastly it will begin trailing the votes from the @steemmonsters account to support community curation while growing the DAO's stake in the HIVE ecosystem through curation rewards.
Benefits:
- Show the HIVE community that the SPS DAO is also invested into the greater HIVE ecosystem.
- Take idle assets that haven't been utilized for over 2 years and begin earning a small APR on them through curation rewards.
- Help support the Splinterlands DHF proposal.
- Support community content creators on the HIVE blockchain with upvotes.
Cons:
- Liquid assets become locked behind a 13 week unstaking period.
- This small amount is not enough to push the Splinterlands DHF Proposal across the line.
Small edit:
Updated the proxy/vote trail account from @splinterlands to @steemmonsters as that is the correct account.