Cujo Thanks.
Regarding the 5% allocation:
My worry about the 5% limit is that it could be too high. Based on my level of information, something like 2% would seem safer. With 5%, after one year the treasury would already be significantly drained and based on what I see, the re-enablement of tokenization could easily take a year.
An alternative proposal: We add another safeguard to this KIP, an overall limit of 25% of today's treasury. When this limit is reached, we do another evaluation of the situation and vote on a follow-up KIP.
Reasoning: The retirement bonds seem to be a great driver for demand and, more importantly, provide supply to fulfill demand, but are quite a severe change for the use of treasury funds. If demand grows too strong, which may happen, because carbon is so cheap currently, we might risk of letting our treasury drain without proper value recapture.
Regarding the 30% "fee":
This part is still not understood by me and other community members. So far, no explanation has been given for why this is a good idea and how the 30% are justified. What effect would for example 0% or 15% have for the DAO? The general understanding seems to be that this amount of KLIMA tokens is not really taken out of circulation. Even if the DAO holds them, a release into circulation can happen some time later through one process or another. The implication on the token value is not understood. Is there any more detailed information you can provide here?