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RE: Update Market Fee to Include 2% to Burn

in #spsproposallast year

ok, I am not interested in personal attacks, but in a discussion as I really think that the aim of this proposal can be reached in another way.
I pointed out that leaderboard-prices are more than 7.22 million DEC per season, so if leaderboard-prices would be paied out in SPS instead of DEC in the future and also tournament entries would be taken in DEC than this both measures would do IMO the same like your proposal and it would even force the player who want take part in tournaments to buy DEC or burn SPS for DEC to pay the entrance fees.

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Thank you :)

As for SPS, where would this additional SPS amount come from? Wherever it does, we will get a new set of upset players

As I mentioned in an earlier comment from the free SPS who aren't used for the liquidy pools.

In this document stand 7.5 million SPS but only 5.25 million SPS seems to be allocated:

https://docs.splinterlands.com/splintershards-sps/providing-liquidity-sps

Roughly 500k SPS (from the free 2.25 million SPS) would be enough to replace all leaderboard-prices with an equal amount of SPS on base of the actual rate from roughly 30 DEC = 1 SPS.