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If people feel strongly about it I'd suggest voting against this one and then we can reassess. @tidepodoreos already pointed out some of the issues. One thing that I think could be a big win for community liquidity providers is that if the DAO leaves ETH liquidity entirely, then community members could go and create a smaller pool and take all of the rewards if they feel the fees are worthwhile.
RE: SPS Governance Proposal - Establish BASE LP