Purpose
After the most recent DAOn Hall, I ran a series of polls in an attempt to determine what proposals the SPS DAO would like to see related to its ongoing DeFi strategy. The poll exploring how or if the DAO would like to offer LP incentives going forward concluded with a resounding "No." You can view the results of that poll here.
Proposal
If this proposal passes, the SPS DAO will make the following changes:
- Stop issuing all LP incentives on July 31st 2025
- The tokens intended for use as LP incentives will remain in that particular reward bucket unless they are otherwise reallocated by a subsequent proposal
Notes
If this proposal passes it will be entirely up to the SPS DAO to determine how or even if the tokens will be distributed in the future. The DAO could choose to reassign the tokens for ranked rewards, staking rewards, send them to the DAO treasury or anything else the DAO may determine is a better use of the tokens. If the proposal fails, nothing will change without a subsequent proposal. Thanks for your time and consideration.