Hi all, as a large liquidity provider and overall stakeholder in this game I am quite divided on this proposal. I agree with all the pros listed above but I would also consider some of the potential cons:
- Existing liquidity providers such as myself will exit LPs and stake SPS, thus diluting SPS staking rewards
- Liquidity providers exiting will also significantly lower the liquidity for SPS, which may actually be good if you are bullish on SPS since less liquidity = more volatility (both up and down)
- Some liquidity providers may also sell SPS if LP rewards are nerfed, I love my SPS too much to do this though...
- The DAO moves from a service provider to a participant in the ecosystem, this honestly doesn't matter much to me but I understand originally the point of not giving the DAO rewards is to ensure rewards are given to the community who participate and interact with the ecosystem, rather than the DAO itself.
Due to the above, I will currently abstain from voting, but I will continue to contemplate my decision over the next few days
yah but the goal is for sps to be staked so cons number 1 is not really a cons