You guys are doing exactly the same thing again, dropping AKR and price will drop at least 50% so the whole inverse bonds experiment was for nothing. I personally would like to
say when you drop it to 20% do another inverse bond so price does not decline like every other time when you lowered AKR. But like 90% will be pro dropping AKR because somehow klima holders like to see there portfolio go down even more.
I agree with OP, we should minimize LP dilution
Rene wont happen now mate
I'm glad to see KlimaDAO continue to build during this bear period. I think reducing the reward rate further to extend the runway and provide breathing room to the protocol is a wise decision.
Importantly, I'm sure the policy team would react to reverse this decision if market conditions improve over the coming weeks. The key is for the team to be agile, gather information, and make wise decisions which provide the resource runway necessary to build out the on chain carbon market.
Rene I hear you, but in reducing the AKR closer to the rate of on-chain carbon growth, we are attempting to preserve the value of KLIMA. The opposite would be inflating its value away while on-chain carbon growth is close to 0. The intention of inverse bonds is to demonstrate that the protocol is prepared to stand behind the backing value of KLIMA even during challenging periods. It is by no means a value driver. In the meantime, our contributors across various departments are working hard in improving and shipping new products to drive adoption. This is key and thus crucial that the treasury resources is carefully managed.
Rene I feel the same way but the reality is we bought into a model that required the treasury to grow at a rate that can support the AKY, no growth in Treasury means reduced AKY, there is no other way except for - bust the treasury and then our tokens are worth nothing
Now the astounding drop in AKR will match the astounding drop in price. Fantastic track record for early promises and talking points of not drastically dropping the AKR. Which no doubt, kept people in and believing during the price plummets, when they really should have sold, oh well. I hope you guys have a solid plan to turn this around other than build build build, inverse bond for a price uptick of one dollar and a few cents. You wouldn't want a lot of people feeling burned a long time.
This makes absolute sense at the current time; the commitment to running a steady ship is appreciated and I trust the KlimaDAO policy team to have the agility to do the best thing for the protocol as things evolve in the future.
The team needs to look at other income revenue streams and monetary controls other than adjusting the AKR...It really turns off investors and makes the holders think they made a poor investment choice.
Policy team ensuring the long term health of the protocol. I support this 100%
I think 20% AKR needs to be coupled with periodic KLIMA burns. You can look at HECTOR.finance as a model.
Just by the lack of interest for people to vote or even reply to this proposal shows how bad things are with Klima. At least the band will keep playing as our investment sinks
I would like to hear about a business plan that can build this project . Just asking to cut the return to investors isn’t fixing the issue. If the team dont have a plan for building things up then cutting the rate just moves us closer to the next cut. I believe in this project but maybe the current team doesn’t have the business skills to make it work.
