Can the bonded purpose be removed?
I think the bonded mechanism is a fundamental problem When the bonded target is higher than 67%, the reward is reduced, and when it is lower than 67%, the reward is increased. The intention is good, but if you observe it for a long time, it has no effect, and it is more like a drag. When it was below 67%, the long-term high interest rate of 20% in the past became negative marketing for ATOM. Most people came just for the airdrop and invested 50-100 US dollars. If this bonded rate is effective, when it drops to 66%, and the annualized interest rate in the past was 20% higher, it should slowly rise above 67%, but the result did not happen. Those who pledged have received a high interest rate of 20% for a long time. At the same time, the ATOM price rebound in 2024 is far from keeping up with many chains. ATOM is obviously a great project, so why would it lose to others at the same starting point! If the bonded rate is higher than 67%, how can we ensure that it will be driven down from the high place? I believe that after looking at it for so long, there is only one answer. Unless there is a major change, it will stay high at a high place forever, and stay at a low place for…
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