If executed on-chain by this Wednesday 5/3/23, this proposal will help accomplish the goals of this initiative to fund Public Goods & Decentralized Science by making the system relatively more capital efficient. Irrespective of time-sensitive on-chain execution, I am in favor of this proposal.
Agree with comments submitted by @Nestor, @Pascal, and @Togenkyo.
@coldpress asks an important question to clarify how this would make SPOT more capital efficient and the motives to do so.
Complementing thoughts expressed by @aalavandhan1894 regarding capital efficiency, our bicycle/car analogy can help us to see how changing the ratio is similar to switching into higher gear:
Less AMPL ~ Energy ~ is needed to drive the vehicle forward, the output of which is SPOT. Within the current rebase parameters, the SPOT supply should remain sustainable and Senior A-Tranches are unlikely to be affected by contractions.
The bicycle/vehicle is likely to remain in motion, perpetuated by momentum over the 28 day duration.