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RE: SPS Governance Proposal - Stop SPS:BNB Pool Incentives

in #spsproposal6 months ago

If you try and fetch more than $800 into the game at a time you dont get a fair rate of exchange

It’s still better than btc into tribaldec imo

Will this proposal make this BNB bridge worse than it is now ?

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This doesn't have anything to do with the bridges, it would just stop printing tokens for holding liquidity in the old v2 pool and most likely lead to more trades routing through the v3 position the DAO has with triple the liquidity depth.

The bridge and the pool are separate things. The DAO may launch its own bridges and then it can set the fees itself, but that's a whole separate issue than what's being discussed in this proposal.

The DAO has over 750k liquidity in a SPS:WBNB v3 position, which is 3x more than what's in the v2 pool. Shouldn't really make much practical difference on a 8k trade as you were likely using the v3 position to buy from anyway. The smart router determines the best rate, which on an $8k trade would very likely be the v3 position as it has deeper liquidity (less slippage).

Maybe grok can explain it better than me:

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Well, unless we're going to start paying a monthly fee for API access, we pretty much have to make some change here. If you can find some funds I don't know about that the DAO owns to put in the liquidity pool let me know. We have like maybe 100k we could put in tops and we more or less need that to pay for the developers the DAO hired, so it kind of just is what it is at this point. I really don't think it's going to make much practical difference on an $8k trade though. Maybe a few bucks plus or minus. With a 750k position you should be able to buy 7,500 in one clip with a 1% price impact.

NP, it's always best to know what you're voting on!