My position as a witness is not to drop HBD APR below 15%. The rest I agree on.
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Well, I would LOVE to keep it to 15%, or even go back to 20%, but I also do see the need to get the ratios right again. Lowering it to 6% will only break stuff more I think, so I would definitely not go below 10%, which is why I see 12% as a good middle road, for the moment. I do believe that we should rethink these percentage as soon as the ratio is "green" again. This could very well be tomorrow, without even changing the APR, due to some positive world event that put the trust back into crypto (and the whole world market for that matter).
But most importantly, I do believe that the real spillage and problem is not in the APR, but in DHF, and we definitely need to clean up there...
!HOPE
!PIZZA
!INDEED
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!BBH