GrimCheetah

  • Dec 27, 2021
  • Joined Sep 10, 2021
  • 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