Good point. Has anyone consulted TFL / LFG regarding the dynamic rate change?
Reading the rhetoric on Twitter it seems to point to them looking to maintain 19.5% APY for approximately 2 years. Given that there’s a clear incentive (yield reserve top up = more UST = LUNA price rise).
If the dynamic rate change is to be implemented then it’s going to need a comprehensive communication plan.
It makes more sense to chip away at the low hanging fruit to help alleviate the pressure on the reserve.