*<u>This draft has been approved by all members of the SPS Foundation board unanimously and the decision was made to expedite this proposal due to the amount of time remaining before the Conclave Arcana set release.</u>*


## Purpose of Proposal

The purpose of this proposal is address the numerous requests that I've received to have a vote on whether or not the SPS DAO would like to reduce the conversion fee of SPS to DEC from 2.5% to some lower amount. This has been brought up quite a few times in the past, but there was never a clear indicator of how to proceed.

With Conclave Arcana set to release shortly, today's requests are much more organized and with a greater consensus of support around an actionable number to build a proposal for the DAO to vote on. If this vote is to pass, we'd likely be able to see the changes take place before the main Conclave Arcana sell opens.

## Proposal

If this proposal passes, the SPS DAO will reduce the SPS to DEC conversion fee from 2.5% to 0.5%. The conversion fee will remain at 0.5% indefinitely unless another proposal is passed to override this one at some point in the future.