RE: SPS Governance Proposal - Replace DEC LP Rewards With SPS
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This is a horrible plan!!! You are taking SPS out of pools that I provide liquidity to and giving it to other pools that I provide liquidity while at the same time taking away the DEC I get. Net result is, I'm getting less rewards. That's the only thing this proposal does.
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you can burn the received sps for dec after all
Will the LP reward go to stake? Or you can just swap it anytime?
can be exchanged at any time
How can I burn my SPS for DEC and what is the current rate?
@jokeruz
convert sps
but because it's a fixed number of dec you get, it's only worth burning when dec is roughly at the peg. when dec is above the peg you even make a profit. this is to make sure dec always stays roughly at the peg like a stablecoin
If you burn SPS for dec you're a fool. The exchange rate is lower than swapping it on Hive-Engine/Tribaldex.
it's about achieving the peg, then the exchange rate is no longer lower ;) since the exchange rate is a fixed value, if dec is above the peg you get even more, so you choose to keep dec at the peg, because once it's higher, all sps burn to make profit ;)
burn rate exchange is a lot less than swapping on pools. Don't ever burn.
you have missed the point you always get your value x 975 dec when you burn. this 975 is a fixed value. so you only make a loss when you burn if the dec value is too low, as soon as it is close to the peg you no longer make a loss
pretty deceptive that the percentage is not shown on the site and that it says "convert" and not "burn".
If everyone is getting less rewards overall, isn't that okay? The proportion of the rewards you'd be getting compared to everyone else would still be the same right?
Id rather see dec stay but thats why I invested my money i could never have made a company like this lol I guess i have a diff opinon bc i have all sides of the equation here. So alot of decisions have a good and bad impact on me