DAO Sponsored Proposal 4
This proposal is part of an ongoing effort to rework and adjust our LP incentives to ensure that we're creating value for the SPS DAO and our token. There are pools that some feel are being significantly overpaid for the value that they provide to our community. If a proposal does not pass, nothing will change until if/when a new proposal is made and passed. Please provide feedback during the preproposal phase as it relates to this particular pool's proposal.
If this proposal passes, the SPS DAO will stop paying all incentives (300,000 SPS per month) to the VOUCHER:Swap.HIVE pool on TribalDex. The SPS DAO will begin paying 100,000 SPS per month to the SPS:VOUCHER pool on TribalDex. The purpose of this change is to ensure that we're rewarding a comparable pool that has direct exposure to SPS.
The remaining 200,000 SPS per month will be rerouted to the SPS DAO's wallet on the Binance Smart Chain. The purpose of rerouting the inflation instead of stopping it entirely is to have the tokens available for the SPS DAO to use as it sees fit in the future, such as for opening or incentivizing new LPs if the SPS DAO elects to do so.
I am voting against this pre-proposal.
The two fair things to do would be to either
a) pay 300,00 SPS/month to the new pool or
b) stop issuing the SPS to slow inflation
Giving the DAO more and more funds for indeterminate purposes really helps no one.
This makes sense. Happy to see the inflation go to the DAO, but kind of sad I won't be able to earn SPS rewards on a non-SPS token LP. I really enjoyed using this LP for quite some time even though I liquidated it shortly before Rebellion came out.
yup voucher pool is way overpaid. We need to start cutting inflation anywhere we can ahead of the bull.
It's really odd to me that we've been paying 3x APR for zero exposure to SPS or DEC than we are for staking SPS.
Changing from SWAP.HIVE to SPS makes sense.
Saying "zero exposure to SPS or DEC" is mere rhetoric since there was/should be a decent pool with exposure to vouchers.
Not really sure how it's rhetoric, you can clearly see that we do have a pool with exposure to SPS and a pool with exposure to DEC yet we're paying inflation to one with neither:
It would be nice if more information could be provided in this proposal such as how much the voucher:swap.hive activity there is over the last three months for example.
I have the recent 30 days here and the 30 days for October 2023. TribalDex historical data isn't that in-depth, so unless you're regularly keeping track of it or have the time to go parse a bunch of blockchain data...
Thank you for this, actully super helpful to understanding why the change. After review I'll be changing my no into a yes. Appreciate your time on providing this.
No problem!
We take away the last useful thing of this worthless VOUCHER - great...
Thank you for participating in SPS DAO Governance @clayboyn!
You can place or monitor SPS Stake Weighted votes for and against this proposal at the link below:
Link to this Pre-Proposal
Updated At: 2024-03-09 08:38 UTC
I'm very curious about this pool now... Is this pool useful for people outside the ecosystem and coming in, who have neither SPS or DEC, and see that vouchers are needed for discounts on packs? Or is HIVE just as hard to get as SPS or DEC for a new player who needs to buy vouchers? If the pool is useful I'd say cut but not eliminate rewards. If this pool is not useful then sure, eliminate rewards. I just don't know where it stands.
I think if they're at the point of knowing how to use a tribaldex diesel pool there really isn't much difference between one swap and the other.
I'd personally prefer to see a comprehensive overall plan as to what pools see high volume, what pools see low volume, and what pools should be added to prepare for the upcoming bull. The stop rewards one at a time approach does not seem to be working except for the ONE pool (DEC/DAI). I'm assuming the others are regarded important entry points for those outside of the ecosystem who will want to get in. Ie we absolutely do need an ETH entry, even if it has not seen high volume during the bear. We should identify the others that will be vital for the upcoming year as well.
This pool helps to maintain the VOUCHER price. If we reduce the paying of this pool, it will impact to VOUCHER price, which we need to consider.
Frankly speaking, I don't support this proposal
If you insist to bring a meme to the market it should in no circumstance have anything to do with spl, if it rugged you are accountable for the fall of the entire ecosystem before we really started. Just now as we want to go to a CEX you come up with this, better not imo... Afterwards is always possible but now you just show how you wanna make money in this crazy world, you are willing to join them for gains, im not like that.
wrong post oops
ow shit i replied under the wrong post excuse me
I was wondering lol. All good.
What the hell is wrong with this system/website!?
It does the worst possible thing anyone can possibly think of!
It keeps repeatedly and falsely telling me that my comment didn't post and then spams it anyways and when I try to delete the spams they won't go away.
I was starting to wonder lol.
OMG I'm so sorry to the community and it makes anything I say look like garabage.
Hi Clayboyn. I love what you have been doing with the DAO. I have a suggestion. By giving SPS to the DAO does not technically stop inflation. It just redirects it. If the DAO then choses to spend that SPS then the inflation still exists. To stop inflation we need to reduce the increase in supply. The best action would be to burn the SPS in my opinion. I would vote for these types of proposals. Keep up the good work.