I am for the APY reduction as soon as possible. I understand that some people who are down at current prices have been calculating their time to break even based on current APY, and therefore want to extend current APY until that time. I urge these investors to lengthen their time horizon and make decisions in the interest of long-term success of the protocol and thus to their investments.
We should not hold up necessary rate reductions because people want to break even sooner. I will be voting For on this proposal.