- Edited
If I understand your and @dns arguments well, you're saying that the top % of holders will gain more and more influence over the protocol over time, because you say growth rate is not the same across all levels of sOHM holders. I'm going to sidestep the conversation about distribution of OHM because 1) this isn't a proposal to change that, and 2) I don't really think it's an issue. But I'm seeing a fundamental misunderstanding of how the rewards emission works that needs to be addressed here.
If we 10x the OHM index, everyone 10x their OHM holdings. 1 becomes 10, 400 becomes 4000, etc. Your mistake is in thinking absolute wallet balances are important. Proportion is what matters here.
An individual ohmies "value" or % ownership of the protocol therefore remains constant over time. Put another way, every ohmies voting power stays the same over time. Put another another way: (1000 x 10) = (1 x 10) + (1 x 10) + (1 x 10) + … [repeat 1000 times]. The rate of inflation is the same regardless of how evenly distributed OHM is in different wallets.
That's the core of Olympus and your suggestions would erode that core tenant. Punishing large holders by reducing their voting power over time is a terrible consequence. Remember that individual wallets may not be people - they could be partners or institutional money who we don't want to punish.
If we hyperinflate, then we all hyperinflate together. Similarly, if reward rates are reduced, we all accumulate more slowly, along the same exact growth rate.
I firmly say that this proposal provides a solution to effectively and more predictably control inflation.