The DAO could be banking $200,000/month in SPS.
Did you mean $20,000 / month in SPS? If so, can you please edit the post so that people aren't misled?
Otherwise I generally support the proposal - the DAO should be able to earn just like everyone else.
If this passes it will set a bad precedent for all other SPS whitepaper distribution sources. It is in the best interest of the community for the DAO to find ways to allocate capital that drives value into the SPS token. It is not in the best interest of the community for the DAO to suck SPS tokens from the whitepapers 5 year distributions into itself.
The SPS that is designated in the whitepaper for Staking/LP/Oracle rewards is to incentivize investors to provide liquidity and invest in this ecosystem. The DAO does not need incentives to provide services to the community like providing liquidity.
If the DAO is providing some of the liquidity for pools that are allocated rewards the community would be better off re-allocating the rewards to other places. It is not in the best interest of the community to inflate SPS into the DAO.
The DAO has its free allocation per the whitepaper.
i always find it very interesting that the argument precedent comes up when there are actually no other arguments.
the dao is the community account of the community, and not a foreign entity that acts against us.
the lp distribution is different from the other distributions. because you only get them in return. whoever provides the service gets paid for it. the community account provides this service.
it is very much in the interest of the community that the dao sps earns, because this way the dao sps can distribute sps beyond the distribution plan and we need this to be able to survive even after the distribution plan.
it is bad for the community. if the sps power is more and more concentrated in only a few hands. the majority gets nothing from the lp rewards, because the majority doesn't participate there, so the current state reinforces the problem of power concentration......
and in addition, sps is pulled out of circulation until we need it!
yes thank you