- Edited
APY reduction is good, I like that. Bond reduction is ok temporarily to allow for some price recovery, but if we start getting good premium it needs to be increased to match.
The focus on LP is what has caused so many problems. We spent all of those $1000+ klima bonds to buy BCT lp, which we then bought that same BCT back again at $50 klima. Moving forward we need to focus on treasury first, then liquidity.
I was saying months ago to split some of the BCT/USDC, Klima/BCT pools and put the BCT in the treasury, and use the USDC for DAO operations and burn the klima. My ideas were of course ignored for the longest time, now we have KIP for doing the BCT/USDC (finally). Probably too late now for the Klima/BCT pool because we already bonded most of the BCT out of it.
That would have save literally millions of dollars in klima emissions to get to where we are at now with the treasury and LP.