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RE: SPS Governance Proposal - SushiSwap Bonding Protocol Launch Partnership

in #spsproposallast year

I think we addressed this on Discord, but to try to clear things up here...

The buyers get literally nothing but the discount on the tokens they buy. If they buy 100 dollars worth of SPS, $95 is proceeds which goes into the liquidity pool, Sushiswap would own 5% of those proceeds and the DAO owns the rest, let's call it 90 cents on the dollar after everything is said and done.

There is no ongoing commitment from the buyer. After 30 days they can do whatever they want with their SPS. The liquidity is owned buy the DAO, that's what they use to purchase the discount tokens. The DAO is free to do whatever it wants with the liquidity that it is essentially buying with SPS.

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yes we did clear it up on Discord and I appreciate you clearing it up here too Clay. Thank you!