This draft has been approved by all members of the SPS Foundation board unanimously.
Purpose of Proposal
It was brought to my attention a few months ago that the service the Splinterlands team has been using to track account balances in the SPS:BNB pool was going to start to charge for API access. We've been trying to make it work by using some makeshift solutions, but ultimately it's come to the point that we're either going to have to start paying for access to monitor the wallets in the pool so that we can calculate the rewards or we'll need to turn them off.
The DAO is already providing about $750,000 worth of liquidity for SPS:BNB, so we're arguably creating inflation to incentivize a pool that actually hinders the DAO's earnings on it's largest LP position. Couple that with the fact that we're going to also have to start paying a $100-200 a month in service fees to do that, it seems reasonable to assess whether or not the DAO wants to continue providing the LP rewards. If it does want to do so, we'll need to make a proposal to cover the cost of that service.
Proposal
If this proposal passes, the SPS DAO will stop the incentives that it is currently paying for users to provide liquidity in the SPS:BNB pool. This will reduce monthly SPS inflation by 400,000.