RE: RE: SPS Governance Proposal - Hire SMC To Create a New Mini-Set
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RE: SPS Governance Proposal - Hire SMC To Create a New Mini-Set

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I voted for it and I like the idea in general, but the whole pay different prices in DEC, SPS and USDC is really bad in my opinion to say it in a neutral tone.

Realistically nobody will pay in USDC unless they don't know better, same applies to DEC. I don't know about you guys, but I am not a fan of pricing things differently to create the option for the customer to screw themselves. This is just bad practice, plain and simple. I understand that this is primarily meant to raise SPS for the DAO, but you can do this differently.

Suggested change:
Instead of having the various price tags, just price it at 5k DEC, although I think it would be better to stay in line with the CA pricing. I assume this was the planned price anyway, since paying in SPS is such a heavy discount (which would make it even worse that you punish players who pay in other currencies than SPS). All the DEC (or credits) spent are simply sent to the DAO, who will just swap to SPS regularly. Leave the option to pay with SPS directly in there for all I care, but make sure the price is +/- same.

Result:

  • Same, fair price, no matter the currency for customers.
  • The DAO still raises SPS.
  • DEC price will be affected the same as with the current model, people just use the cheaper DEC to buy the packs if it is a better deal than paying with their SPS
  • You might even get DEC closer to peg this way as SPS and DEC demand rises in tandem (as it was always meant to be according to your own design), while with your suggested pricing it would require SPS to significantly increase in value only to decline as nothing is burned afterwards because of cheap DEC

Ultimately this suggested change will make it fair for customers and more in accordance to the design and flywheel. It simply shouldn't be up to the customer to figure out what currency the DAO wants by calculating and swapping around to get a discount. It could even be seen as paying a fee for paying in the wrong currency. Seriously, this is so bad. If the DAO wants SPS it can swap like everyone else. Same applies for if it wants stable coins.

@cardeegel: I voted for it | Ecency