RE: SPS Governance Proposal - Stop Paying DEC:DAI LP Incentives
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Could this cause the DEC available on the Ethereum chain/Uniswap to dry up? Could it potentially limit exposure to people in the US to DEC? I'm personally a lot more familiar with ETH and Uniswap than I am with PancakeSwap/Sushi/BNB, it seems odd to potentially dry up onramps during the current bull market.
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This pool has been the worst cost to value ratio for as long as it has existed. It's the one that people are always wanting gone. I wouldn't be too worried about it drying up an onramp as it really isn't used much. You can deposit ETH to hive-engine with no deposit fee and buy DEC without the gas fee and move it into game for free as well.
Cool, thanks Clay. I didn't want to potentially limit people buying in, and obviously Uniswap is more well known and trusted than Hive-Engine... but the no fees on HE does sound much better.
Well to be clear, the pool will still technically exist. We just wouldn't be printing SPS to pay for it. We could have a vote to deploy DAO assets into the pool if people really want the liquidity there, but yea it's literally the worst value pool we have. People just don't use it much.
Oh yeah, I totally realise that. I have just no idea how much liquidity would disappear from that pool if this goes through... but by the sounds of it there's way more in the pool than it really useful at this point.