Thanks. That’s what I thought. I think the whole community would appreciate if LFG let it be known, one way or another, what they plan to do come May.
And just a thought: if the YR runs out and there is a panic mass exodus of deposits from Anchor, there’s a real chance that the UST stability BTC reserves will be used and possibly used up. So, in a way, replenishing the YR and buying more time for the current plethora of great initiatives would cost less than having the newly purchased BTC reserves all (or mostly) drained during an (irrational) panic ‘bank run.’
Unless a miracle happens, the yield reserve will run out in May. When there is no more YR, the floor of 15% becomes moot and it’ll go down to the sustainable YR-less 5%-something at an instant, will it not? How exactly is YR running out handled in the code? Does it keep draining it until the last second, and then - boom! - the rate drops to whatever is sustainable and becomes second-by-second variable?