Car54 The issue here is that there'll be no carbon credits to bond with at the current AKR. In other words, the # of carbon credits coming on-chain is lower than the # of $KLIMA that is being minted everyday (by bonding). AKR dictates the minting rate of $KLIMA.
At the current AKR, considering the same rate of carbon credits coming on-chain, we'll probably run out of carbon credits to bond in 6 months or so. What do we do if there are no more carbon credits to bond?
This is situation is unlike OHMs, as there is a massive supply of DAI, LUSD, ETH and several other "blockchain native" assets to bond as Olympus pleases. So OHM's changes to its APY is a strategy. But KLIMAs reduction is a necessity, at present. If this is not done, then in a few months, there's a risk of nothing left on-chain to bond with.
Once we run out of carbon credits to bond with, then a treasury supporting a long runway is of no use. We'll just deplete the treasury paying rewards and treasury won't go up due to zero bonding and it all collapses.
This proposal gives sufficient time for the #ReFi ecosystem to grow... We lower the AKR, reduce bonding capacity, take fewer carbon credits into treasury, allow for more carbon bridges to develop, allow time for more adoption & partnerships, see more investment flow into facilitating the flow of offchain to on-chain carbon credits, see the on-chain volume increase..... and then bring up the AKR