HDX APY - Community vote #8

We have researched the possible methods to lower the APY, deployed it on the testnet, and analyzed the results.

But let's share our thoughts first: We have discussed many options, so let's show you some conclusions:

• the high APY was mostly implemented to motivate people to swap ASAP
• high APY is high inflation, which has historically not been helpful for a healthy price development
• big whales can dump easily their high staking rewards
• we are not a staking chain anymore, so we actually don't need staking rewards to secure the network
• as we are currently working on the Tokenomics, we are leaning towards a theoretical maximum supply
• having fewer HDX rewards and some kind of buyback mechanism in the future can create real buy pressure

This leads to the following vote:

Option 1: decrease staking rewards to ~10% APY Option 2: decrease staking rewards to ~ 5% APY

You can vote here for the next ~7 days.