DAO Treasurer / Token Cleanup Plan

Tomorrow, the Splinterlands website will be updated to pull the SPS supply numbers from the in-game database rather than from BSC. The BSC numbers are close, but not 100% accurate to match the in-game numbers. This is part of the eventual transition to the SPS validator software, at which point this information will be pulled from the validator software and will be able to be obtained and independently verified by anyone running the software.

Once that is done, the plan is to mint all 3B SPS tokens on BSC (and on other blockchains on which SPS is available in the future) to be held in a reserve wallet controlled by the DAO treasurers (note this wallet will also hold DEC reserves). The only time these tokens will need to be touched is if a lot of SPS or DEC is bridged to BSC and Terablock runs out of bridge liquidity. Terablock is only given access to a relatively small amount of tokens for the bridge for security reasons, so if they run low, they will notify the group and the treasurers will provide a relatively small amount more from the reserve wallet.

This means that on all chains on which SPS is used there will be two wallets controlled by the treasurers - one wallet that holds the DAO funds on that chain, and one reserve wallet with the extra tokens available for the bridge if needed. The same is true on the Hive blockchain, where currently the sl-cold wallet acts as the reserve wallet, and holds all of the SPS and DEC tokens that are held on ETH or BSC (and any other chains in the future).

The DAO funds and reserve wallets that the treasurers will control for each chain are listed below:

We are in the process of setting up each of those wallets and once a test transaction has been made from each of them signed by 6+ DAO treasurers, all of the funds and reserve tokens will be transferred to them, at which point the treasurers will have full control of the DAO funds and reserves on all chains.