First let me say I support a new set and the proposal to pay SPL as above.
I’m less enthusiastic about so many purchasing tokens, and the change to pricing the set in DEC, SPS and USDC.
Issue 1: For the past several years, the economy has been following the plan that "the SPS-DEC flywheel will create value for SPS."
This has been the mantra.
We saw this dynamic in action at the last two set launches - DEC pressure results in SPS burns.
But this change in strategy will not create any meaningful DEC pressure - just SPS. We are only a few months past the set launch, yet DEC is again sliding 20% below the burn threshold.
As the liquidity token, DEC should be our closest thing to a store of value token, and also the major token that underpins land utilization... it has been called a "product backed stablecoin" and we are going to let it stagnate until the next major set?
Please keep the focus on DEC for buying.
Issue 2: I'm also not really buying the concept of purchasing using SPS and definitely not USDC...
While the article seems to suggest that the DAO will collect "much needed stablecoins" - as the most expensive option, it seems unlikely that buyers will use much USDC unless stable coins become the cheapest available option (aka giving discount utility to an an external token instead of our ecosystem tokens)
So TLDR:
RE: SPS Governance Proposal - Hire SMC To Create a New Mini-Set