SPS Governance Proposal - Establish Fee for DEC:SPS LP

The purpose of this proposal is to suggest a reasonable fee for the new in-game SPS:DEC LP that is currently being created. The number that is being proposed is based around an assessment of current bridge and liquidity pool fees and aims to make the pool attractive to both liquidity providers and users. This fee should make conversions more cost effective to occur in-game as opposed to bridging tokens out, swapping and then bridging tokens back in to the game while also still offering decent incentives to liquidity providers to utilize and grow the pool.

The SPS DAO Treasurers also made the decision to close the DAO's LP position on Hive-Engine after their recent hack. This proposal aims to officially address reopening that position in the new in-game pool that is being created to ensure sufficient pool liquidity while also making the DAO's liquidity more accessible to the community.

Proposal

If this proposal passes, the SPS DAO would like to set the fee for the upcoming in-game SPS:DEC liquidity pool at 0.5%.

The SPS:DAO will also move its tokens from Hive-Engine back into the game to migrate it's previous position from Hive-Engine into the new in-game liquidity pool and open a position with 25,000,000 SPS and an equivalent dollar amount of DEC at the time of opening the new position.