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?
- 3.5%
- 3%
- 2.5%
- 2%
- 1.5%
- No Change
- Abstain
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