The discussion of removing the rebasing mechanism and how we fund the treasury should be separate proposals. They are not necessarily dependent on each other and the proposed solution of 3% inflation is understudied.
Can we build a new mechanism that keeps the treasury funded autonomously and is fair to YAM holders? This is a separate question from “should we remove the rebasing mechanism”.
Combining these proposals risks creating a sub-par funding solution and either adding to developer overhead by requiring additional changes to the protocol down the line, or causing a lack of faith in our ability to create a credible policy that is vetted and not changed continuously.
This is not a new proposal. It is a request to clarify the existing RFC on rebasing located here: RFC: Replace Yam Rebase Mechanism
- separate proposals
- the same proposal