Can you expand on why you think decreasing voting rewards is risky? Imo, there is far too much CELO locked in the system which is clearly causing downstream issues. Decreasing voting rewards by even 30 or 40% can only have net positive outcomes if people actually unlock their CELO and deploy it in other places.
Right now too much locked CELO is not beneficial:
- Election threshold is simply too high. It would actually be better for the network if election threshold got lowered. This would allow other large funds to enter into validation so we get more true decentralization.
- Too much CELO is locked and not used in other parts of the ecosystem. I would rather see voting rewards decrease more, so that people are encouraged to go and look for other opportunities to deploy their capital instead. (They can put CELO in Moola, in various Ubeswap pools, maybe in some other future projects). Having so much of CELO just locked for network security doesn’t seem super useful for growth of the ecosystem.