π§© SPS Proposal β Gradual Efficiency Reduction for Rented & Delegated SPS
hive-13323Β·@meredornΒ·
0.000 HBDπ§© SPS Proposal β Gradual Efficiency Reduction for Rented & Delegated SPS
Hey everyone π After all the great feedback and debate, hereβs the final version of the SPS proposal that I plan to submit for DAO vote. It includes the communityβs best ideas and aims to find a balanced, practical solution that rebalances incentives without hurting accessibility or the market. π― Goal Gradually reduce the efficiency of rented and delegated SPS in reward calculations β to encourage staking, reduce sell pressure, and stabilize SPS value over time. This is a lightweight, transparent, and predictable system designed to improve token health long-term. βοΈ Why Itβs Needed SPS rentals are now extremely cheap (often 0.001 DEC). Many players rent instead of owning, generating constant sell pressure. Rewards are mostly extracted and sold rather than staked or held. The result: weak price support and less alignment between players and the SPS ecosystem. We donβt need to kill rentals β just rebalance them gradually so ownership and staking become the natural goal again. π‘ Core Mechanism 1οΈβ£ Delegation carve-out for new players β Delegated SPS keeps 100% efficiency for accounts under 3 months old, ensuring smooth onboarding. 2οΈβ£ Immediate 20% Decay β On implementation, all rented & delegated SPS start at 80% efficiency β a quick but balanced correction. 3οΈβ£ Unified tapering system β After that, both rented & delegated SPS decay together, ensuring fairness and avoiding loopholes. 4οΈβ£ 1% Weekly Decay β A fixed 1% global decay each week β simple, predictable, and fully transparent. 5οΈβ£ Efficiency Floor at 50% β Efficiency stops decaying once it reaches 50%, keeping rentals viable but less competitive than staking. π Expected Outcomes β Lower sell pressure β less efficient farming = fewer SPS sold. β Higher staking incentives β players shift from renting to owning. β Smooth transition β no market shock, gradual and predictable. β Fairness for small holders β new players keep full efficiency early on. β DAO treasury benefit β supports long-term SPS circulation and value. π οΈ Implementation The system acts as a global efficiency multiplier on rewards β technically light and automated. The DAO can later adjust the rate or cap if needed. That said, the Splinterlands team will still review technical feasibility and dev impact before implementation, to make sure this system is practical and not overly burdensome to build. π§ Conclusion This approach offers a fair, gradual, and community-driven correction β avoiding hard cuts or shock measures like rental bans or floor spikes. With a 20% start decay and 1% weekly taper, players can smoothly transition from renting to staking, building a stronger, more sustainable SPS economy that rewards long-term commitment.