First of all, thank you for your time and effort. But! Timing is crucial and right now the market as a whole is just too volatile to experiment in such a way - it may as well cause downtrend scenario and massive sell-off. There's so many people out there who have joined at 1000/1500$ + price range and there was huge decline in price already, don't undermine the trust they have in price recovery. When they see those changes and APY decline, they might easily get scared and flee the protocol.
Just a friendly reminder - our strength is simplicity and we're just starting to complicate things in so many ways. Flexibility here is a weapon, not a weakness, there's so many projects out there with thousands of percentages in annual return, this could be a signal for many people to just get rid of OHM and go elsewhere. I believe it's too many changes in short time and zoom out, we could easily get rid of the attention of newbies out there wanting to join Olympus because of too many obstacles we willingly choose to accept.
We should focus on our strengths and improve them, do not implement too many regulations here cuz it can easily become a dead end for us.
I know it has different mechanism and purpose but I suggest we implement a new way of looking at bonding mechanism. I know it increases runway but I suggest we could copy what central banks do. What if we could issue more bonds whenever the price rapidly decreases and stimulate the demand by provided supply at the discounted rates. More people would buy bonds and price would increase since there will be more buyers, new ones or OGs. CUZ IT'S CHEAP! Bonding mechanism could adapt to market situation and stimulate the price. Right now I say we have no weapon in case the market is against us. Maybe burning of tokens, but it happened like one time, or am I wrong?
Then we can focus at runway again. It can be a tool for price stimulation as well in case its needed. And it's just one idea, different approach. We don't really have to sacrifice all the advantages we have over the others. Simplicity and flexibility here is a strong weapon and we could communicate it to the world this way, it doesn't have to be a weakness.
See, this is a different approach, just focus on our strengths and don't overcomplicate things because, ego aside, people can easily go elsewhere, cuz there's plenty of options in DeFi where you can stake your tokens without locking periods, regulations, volatility and still earn thousands in APY. Why would they stay if they're scared they loose money, cuz they entered at 1400$, market is in consolidation, OHM experienced a huge price decline, we present them they would have to lock up their earnings and now we propose APY decrease? I know you aim stability but that's something you can't explain the majority which trust is probably undermined already. And what for? Trust for 6 weeks in runway? Nah, that's not a good deal, we have to come up with something else.
This concern is backed by one OHM OG, who wants to get out of the project because of this all and I know this is not the only one thinking the same. We may not be the majority even though we expect everybody thinks the same. It's just another bubble we live in. Most people doesn't read forum, doesn't even read properly, probably haven't got a clue they could even vote. And when those people figure out they have to lock up their earnings and get massive decline in APY, well, I don't think 3, 3 is sustainable anymore. Are we the majority here right now or not? I believe not.
Just thing out of the box, it may improve the protocol in long term, but explain it to someone loosing his earnings. Timing is just not good. It could cause a massive sell-off.
#MakeItSimpleAgain
