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RE: SPS Governance Proposal - Establish BASE LP

in #spsproposal3 months ago

A small liquidity pool creates a lot of slippage problems for the users and forces them to trade in small amounts. Which is unpleasant due to the high gas fees on the Eth network. It's best to exit completely. I could understand using Ethereum over 5 years ago when there were fewer options, but it makes no sense that Ethereum is still so popular today with all of its problems.

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That is a very good argument. Since a large amount of the Ethereum volume is arbitrage balancing, large price movements could have favorable consequences. I'm leaning towards voting "Yes".