The discussion to drop the rate has been ongoing for a few months now, that I know of, and I never got clarity on the why and why nots of it all. I don't know the positions clearly enough to understand how it's intended to impact the ecosystem. I heard a lot of talk about whales wanting to keep it high, and everyone else wanting to drop it to distribute more rewards for content creation, but I know it's far more nuanced... I just never could find out the specifics to know exactly what was being discussed. Personally, I thought a good return on a stable coin was one of the best things we had going for us.
RE: Its Begun! - HBD's Downfall