If I wold be new investor I would probably just think how to make a quick buck with Klima and what are the risks of that. I think this is biggest crowd in crypto defi. Ppl want to make money fast.
Things I would consider as a new investor would be what is the APY and what are probability to Klima to lose value per token. Since price is closing risk free value I would think high APY is not that necessary anymore to lure new ppl.
Ppl who bought at top are gonna hurt because they can't reach the value they intial invested in dollars that fast.
At this point it's protocols health and security is most important. Growing big treasure of carbon tons to grow runaway is very important Imo. Also having new bonding instruments opens new streams of revenue and builds connections to "real world". Apy and value of Klima token is still crazy good for traders and 9.9s if Apy gets to 8000% ish.
I wold think high APY is just too good for whales to buy huge bags, double them and dumb rebasing rewards to markets hurting Klimas price. This in mind I think bonding is going to be more effective if/when price of Klima rises.
In favor of both.