Taking a moment to write this out: I know that the market conditions hasn't been the most ideal for all of us, and many people have suggested deferring the reward rate reduction later down the road when metrics are better, or to give more rewards to the holders today.
Ironically, the problem we see here is very similar to the problem that caused climate change. Many of us are aware that we must make a change in how we care for the environment in order to prevent global warming from being unsolvable, yet we see in many industries and companies this lax mindset on fixing it, as it doesn't effect our day to day life's too much. We fear by the time everyone is motivated to fix it, It will be too late to be solved. The same thing is occurring here. By deferring the reward rate later down the road, it makes it significantly harder in order to retain the metrics we see today.
For those who see that a reduction of reward rate is a hit for your own value, the success of the protocol, treasury, and your own tokens are heavily tied together. One's success isn't seen without the other. What's best for the protocol is what's best for the user, and vice versa.
Creating the carbon market on-chain is no easy task, much less rebuilding it from the ground up with KLIMA as the centerpiece of it all. Lows and highs will be felt through this journey. We'll always do our best to make this idea a reality.