I also believe we should wait at least 1 or 2 months before making a new reward rate reduction.
I am also very concerned about the item 2. As my understanding It says in simple words that Policy team will adjust the reward rate if the APY raises too much or decreases too much outside the target APY of the KIP-3.
The KIP-3 says the current APY must be between 30000% and 2000%. But we are already in 27000% with 90% stakers. If the % stakers decreases, the APY must increase. That is how the game works. If the policy team interfere on that changing the reward rate to control the APY, they will be changing the game system, which is very bad.
The point is: the KIP-3 framework is OK. We just need to choose a better reward rate that matches the APY range in all use cases (% stakers, circulation supply, ...) , instead of allowing the reward rate to be adjusted by the Policy Team on demand to follow the APY in the KIP-3. IF that happens, the reward rate was wrongly set at first place.