i-feel-so-al-ohm I think there's a general misunderstanding about OIP-18.
There is no natural decrease thru OIP-18. Proposals like OIP-63 are the "natural decreases" as a result of OIP-18. That framework only formalizes our guard rails, but the goal isn't to run head first into the guard rails.
Some various benefits of having lower APY:
- More efficient bonding - 5 day rate is lower so the minimum discount goes down
- Better integrations with partners
- OHM gets scarcer over time vs not decreasing
- Stronger signaling to the market
- Easier to maintain sustainable growth via non-bond revenue
- Putting "OHM is just a Ponzi" nonsense to bed