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.
BSC Chain
ETH Chain
HIVE, Hive-Engine, In-Game
Totals
LP Rewards
Outstanding
Notes
The ongoing pullback in the crypto market is definitely not helping us at the moment. We're down a little under $300,000 from last month, but this includes ~$57,000 in monthly expenses. It should be noted that most of this is due to the massive drop in ETH price.
Our SPL assets are actually holding pretty strong compared to the rest of the crypto market.
We're around 81% of total DAO assets in SPS and DEC after all of the DAO's portion of the token allocation was minted.
The DAO has now earned a total of $28,707.70 in fees on its LP positions. We barely moved in dollar value from last month, but it should be noted that we accumulated enough tokens from the LP fees to make forward progress even with the negative price action. This is a good sign!
I've updated the outstanding obligations to reflect the payments made by the DAO in the last 30 days.
