RE: SPS Governance Proposal - Reduce SPS to DEC Conversion Fee
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I've been asked about my thoughts on this by a number of people so I figured it was best to post them here publicly.
First, as many people have stated in the comments, I agree that it would be very helpful to have the reasoning behind the proposed change included in the proposal. I know that you posted this on behalf of others, @clayboyn, so this comment is for those who requested that you put up this proposal and generally for anyone who wants to make a proposal in the future.
Second, while I'm not advocating for or against this proposal, I don't see it causing any issues for the ecosystem if it passes. Since we only have one way conversions (SPS -> DEC), as compared to other systems like Hive that have two way conversions (HIVE <-> HBD), I don't foresee any exploits being possible if the fee is reduced or even removed.
Appreciated Matt! I think your comment helps clearing any doubt in the conversation. I am always a fan of low trading fee. I think fee was there as a security measure, and at 0.5% that security measure is still in place.
I just think we need to be careful about bypassing a stage of the voting process without a good reason and urgent need to do so.
Thanks Matt. Ultimately I'm fine with whatever the DAO wants to do on this one and I can see benefits either way. I suppose stake will sort this one out.