OIP-11: Reducing reward rate

Summary:

Increase runway and achieve sustainable growth by slowing down emissions and spreading them over a longer period.

-Reduce reward rate gradually over 3 weeks. This is our reduction period. -Change reward rate calculation from circulating supply to total supply -Target a reward rate of 0.35% of total supply by the end of the reduction period, current reward rate is 0.44% of total supply. -The 0.35% reward rate translates to a rebase of ~ 0.50%, and an APY of 20k+ -Increase runway by ~ 6 weeks due to this reduction. -Have a total runway of almost 200 days after the reduction period. -Bonding becomes more attractive, driving revenue growth due to a lower required rate of return.

Additional context, explanation and discussion of this proposal can be found on the forum: https://forum.olympusdao.finance/d/37-oip-11-reducing-reward-rate

For: Reduce reward rate to 0.35% of total supply gradually over a period of 3 weeks. Against: Do nothing

If the proposal passes the changes would come into effect immediately.