I propose that STACK Vault incentives be reduced by 80% and buybacks from DAO treasury interest go back to the DAO treasury for the following reasons:
- We originally hoped that higher rewards would incentivize a bigger percent of holders to stake, which did not happen
- With price trending down, the extra emissions have negatively affected the price of the token (people have been selling after each vault rebalance)
- APY on the vault will still remain around 40% for stakers with current TVL, a sufficient reward for staying invested in the DAO's success
- And finally, it is better for our DAO to hold on to these tokens to spend later on building if they are not positively affecting growth in the present