My Lord this seems like a slap in the face for those who've faithfully held SPS:WETH during the bear market, enduring severe impermanent loss -- while giving everyone their lovely exit liquidity. I must be misunderstanding something.
Is the hope that removing the one small positive for those trapped in the SPS:WETH pool will help our ever-inflating SPS' price rise? This sucks because anyone not in the pool will have no problem voting for this, while the pool participants will clearly have no chance to compete. Lovely.
This pre-proposal request must have been by someone who doesn't know this pain, and just wants SPS to perform better in theory. This shoves a middle finger at those who've held long term, hoping for some sort of material rebalance -- while also making their motivation for future LP involvement virtually zero.
Just for kicks, I reinvested almost all of the LP rewards into max gold cards, which I rent to help those potentially voting for this compete. A symbolic message like this makes me want to instantly stop all reinvestment to focus on ETH recovery.
As for DAO funds: we should, or we will?
RE: SPS Governance Proposal - Reduce SPS:WETH Incentives by 50%