It's been quite a while since the previous SoulKeep Rewards proposal passed and the scope and mechanisms of the game as well as the ownership structure have changed significantly over that time. While we're very excited to see the SoulKeep game launch and are looking forward to exploring the partnership potential between the SPS DAO, Splinterlands and SoulKeep, it's important to ensure that SPS distribution is handled in a transparent and accurate manner according to a DAO approved proposal.
The previous proposal allocated SPS rewards for SoulKeep while requiring players to stake SPS specifically into the SoulKeep game and was structured similarly to Splinterlands ranked rewards. During the course of development, it became clear that this structure didn't work well for SoulKeep and led to a poor user experience, so the Double Coconut team went in a different direction which ultimately led to the tournament structure that we see today. It's important for the SPS DAO and Double Coconut to find another way to ensure value returns to the SPS token without hindering SoulKeep's ability to attract new players.
If this proposal passes, it will override the previous proposal's guidelines for SoulKeep to require exclusive SPS staking and instead require Double Coconut to implement considerable DEC burns into SoulKeep's monetization strategy. The Double Coconut team will have the freedom to determine the allocated rewards structure for SoulKeep as they see fit to attract new players and grow the game. The one million SPS per month allocation will remain unchanged.
I've reached out to David Fox, the CEO of Double Coconut, and he is in agreement with the spirit of this proposal and is willing to ensure that DEC burns are implemented into SoulKeep revenue streams as quickly and efficiently as possible. This should ensure new users are not burdened by SPS staking requirements while also returning a steady stream of value to the SPS token over time.
Update 6/27/24:
I have spoken to David again and he is in agreement to build a monetization strategy into SoulKeep for 50% of DEC to be burned and 50% of DEC to be kept as revenue for the company should this proposal pass.
Update 7/1/24:
The DEC burns will be implemented within a week of the proposal passing, even if they have to be done manually at first.