Purpose
The purpose of this proposal is to seek a sustainable solution for the SPS DAO to be able to continue with helping to support the ongoing development costs that it took on in an effort to help continue Splinterlands development projects during the protracted bear market. This was always meant to be a temporary measure and at this point, as the SPS DAO Project Manager, I feel it's critical to start looking at how we can work with the company to significantly reduce these costs.
Currently the SPS DAO has committed $480,000 to contract @jptrcorp for a one year period. After discussions with @davemccoy and the approval of @yabapmatt, the terms outlined in the proposal below were deemed acceptable for the Splinterlands team and now I will submit these updated terms for the SPS DAO to approve or deny.
Please note that the JPTR developers also work on the Splinterlands infrastructure team and are crucial to the stability of the game. The intent with this proposal is to ensure ongoing development, reduce costs and also ensure that the greater Splinterlands ecosystem and the SPS DAO continue with the same rate of development that we've been experiencing over the past year.
If this proposal passes, we can reassess the situation in another year. We'll cut out about a $360,000 dollars of development expenses per year compared to the current rate and we'll ensure that the development continues for another entire year. We'll be able to pay in DEC while preserving what's left of our ETH, BNB and USDC to fulfill our other obligations. Myself and @cryptomancer will be the only direct contractors of the SPS DAO going forward.
Proposal
If this proposal passes the following changes will be implemented immediately:
- The SPS DAO will end support for this previous proposal 3 months early:
- The SPS DAO will make a one time payment to Splinterlands of 120,000,000 DEC, roughly equivalent to the outstanding $120,000 owed in the previous proposal, with the following terms:
- The Splinterlands team will contract the affected infrastructure developers directly going forward for a period of up to one year.
- Employment contracts and management of the contractors will be handled by Splinterlands.
- The developers will continue working on the same projects as they were previously and their work going forward will still be under the direction of the DAO.
If this proposal fails, the previous proposal will remain in place until it either runs to completion or is addressed by another proposal.
Notes
The SPS DAO has outstanding obligations to continue to pay these developers up to $120,000 if nothing changes. Validator developments and related integrations of these projects into the Splinterlands ecosystem would end in the coming months without the SPS DAO figuring out how it wants to proceed or the Splinterlands company being able to afford to reintegrate these employees on its own.
If this proposal passes, it'll reduce what was $480,000 worth of yearly expenses by 75% while also ensuring the development work can continue for another year uninterrupted. If we consider the outstanding obligation of $120,000, then the SPS DAO would be spending roughly the same amount of money to replace this current contract while ensuring that we don't lose the developers from the ecosystem in the near future. We also get the benefit of stopping the rapid depletion of our non-Splinterlands assets without having to directly sell SPS, DEC or pull funds out of liquidity positions.
These terms were negotiated in good faith on behalf of the SPS DAO by the SPS DAO Project Manager in an attempt to meet the needs of both the Splinterlands company and the SPS DAO's desire to continue expanding development related to the SPS Validator software. Thanks for your time and consideration.