At 5.5% APY we have 50% staking ratio, which is lower than Cardano (60%) and Solana (65%). By reducing yield, this % would drop further.
Frens are moving $AVAX to $ARENA for 20% APY, which means users are seeking higher, not lower yields (duh).
I can't see how further reducing staking returns would benefit AVAX. In fact, if we think of staking returns as analogous to FED interest rates, Ava Labs should be hiking rates, not cutting, given the current overall sentiment and lackluster price action.
Just my 2 cents about that.
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