I might be standing on a hose here (german proverb), but I don't really understand what the pros and cons are for this. Reducing conversion fee is positive for those who hold a lot of SPS, not so much for those who are holding a lot of DEC for CA, relatively. My interpretation, that's not displayed.
today's requests are much more organized and with a greater consensus of support around an actionable number to build a proposal for the DAO to vote on.
That's great, but still vague. A greater consensus is not an argument in and of itself. Could you please add a source that explains why we should vote in favor? What's the benefit for the community, the DAO, ...?
This has been brought up quite a few times in the past, but there was never a clear indicator of how to proceed.
If the "how to proceed" is lowering the fee by 2%, it's not really rocket science. Seriously, what am I missing? Please bash or enlighten me, because this seems very opaque to me.
If the fee is reduced, who benefits, who loses? Will be DAO have less funds available? Wouldn't it be catering to those who speculated on SPS in the last week (and the whales), shooting up the price so much, to now be able to get a lot more DEC for their SPS and hence get a big advantage on the CA Pre-Sale and with that for the following Modern? Is that fair, 10 days before starting?
Please proof me wrong! For now, I think it would be better to think it through and not react under recent SPS-Boom-Pressure. I really hope I'm wrong 😅
For me, and what I think of investing into CA, 2% might not be that much. Hence my thought that it caters to those who have a huge stake. Which I honestly don't even have a problem with, as most of them do a big lot for the community (stabilizing the market etc.) but it should be labeled as such - if it's the case.
RE: SPS Governance Proposal - Reduce SPS to DEC Conversion Fee