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RE: SPS Governance Proposal - Expand Market Making Contract with Flowdesk

in #spsproposal5 months ago

So we reduce payments to the community for providing liquidity and increase payments to 3rd parties to provide liquidity? Is the DAO getting superior value compared to community provided liquidity?

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Well it's a fair question and definitely worth considering. It's also probably worth considering we've spent more than the entire year worth of contract fees outlined in this proposal just renting the liquidity in those LPs from the community every single month for the last 2 years. That's if you count the inflation we have been paying out at current SPS price by the way, which means we've been paying out multiples of this ask per month for most of the last 2 years.

im guessing spreads are wider and you can use dswap to capture additional yield if you set it up right.