Overall I'm also greatly in favor of this proposal. But we do have to keep a tight eye on people unstaking and selling. 20K APY is still a great return for a relative safe farm. But greener pastures are definitely around although at higher risk levels. We might see some turbulence in the coming weeks because of this? Maybe a slower decline in APY helps to ease into new levels? But at the same time three weeks is an eternity in crypto and we are at a unique position at the moment of already having had a big sell-of and new partnerships coming to fruition.
Bonding can become more attractive through this proposal but at a lower APY we'll have to see if people actually 3,3 afterwards. If not we might see significant downward pressure of people bonding 5 days and then selling their arbed Ohm?
I think with the other potential improvements (such as transferable sOhm and Rari) coming down the road we will have more incentives to keep people 3,3 without the need for a monster APY.
Just my 2,2