DAO Sponsored Proposal
The purpose of this proposal is to reduce the inflation being paid to the SPS:Swap.HIVE pool in line with the recently passed proposals to reduce inflation being paid to our LPs on both BSC and ETH. Hive and Splinterlands, while closely connected, are more isolated to outside capital than BSC and ETH. The trading volume is also quite high in the SPS:Swap.HIVE pool, which means it needs less additional incentives because it is generating organic trading fees to compensate the liquidity providers. This is how a healthy pool should operate.
If this proposal passes, the SPS DAO will reduce the inflation being paid to the SPS:Swap.HIVE liquidity pool on Hive Engine to 900,000 SPS per month from the current 1,095,826 SPS per month. This will free up additional inflation that the DAO would then be able to vote to utilize when opening new pools in the future.