Over the past month since the minimum risk cost was increased from 1% to 4% (minimum cover price increased from 1.3 to 5.2% APY), we have seen a significant deterioration in covers purchased. For example, the last two weeks have only seen purchases of ~460k and 350k respectfully. Should we reduce the staked_risk_cost_low from 4% to something lower? If so, what should be the new rate?
- No Change