My chief concern with buybacks is they attract opportunists and they have exploited every buyback. That money that is being given to opportunists to exploit our protocol is better off farming for us and maximizing value in revenue share. The quicker we began the revenue share the faster we can add value back to the brand. We move the brand from a rebase token stigma to a revenue share brand, like a stock dividend. We keep apy only until we meet and exceed the price of where apy no longer benefits us and i believe this determination is better defined by a price. Upon meeting those price parameters we reduce apy within price range parameters. We kill two birds, rebrand the token value to a revenue share model, and as price moves up we reduce apy. Everyone is happy.
Ive seen many communities conduct a punitive rate cut and its always at the wrong time for someone. At least with the apy reduction in my plan it would be aligned to positive events.