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SPS Governance Proposal - Voucher Pool Adjustments

clayboyn

Published: 04 Mar 2024 › Updated: 04 Mar 2024SPS Governance Proposal - Voucher Pool Adjustments

SPS Governance Proposal - Voucher Pool Adjustments

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.

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