@monteluna
I have zero idea why the folks at the @letsgethai community didn't listen to p-rate maximalists.
When they removed the p-rate, it was clearly someone on the team who thought lower volatility would mean more adoption. In fact, adoption got worse, and they missed a huge opportunity to continue to market it's stability and price appreciation.
I was one of the people trading reflex bonds, just watching for it to drop in price massively, picking some up, and within a month it would rebound back to redemption price.
It's days like today where I feel like Ethereum people sometimes shoot themselves in the foot, by not actively just letting their products cook and slowly grow. Hai didn't need a growth plan. It needed 2 years. Since launch, it has basically appreciated around 10% a year. You want inflation resistant digital money, with ETH as its core construct, useful in applications where you might want to use stablecoins but also earn yield? It's right there.