This topic has been created for the Eco Trustees to discuss the monetary policy that will be enacted on Friday December 22nd 2023. As always, the policy will be in effect for two weeks — this is for Generation 1030, which runs from December 8th - December 22nd 2023.
Trustees are encouraged to post via replies under this topic to:
Discuss what policy they have proposed and/or are voting for, and why
Engage in public dialogue/debate with other Trustees
In this cycle, I will continue to support the highest interest rate policy to complete our experiment. We don’t have high inflation right now, so it’s not a problem and we can experiment more with APR values. I think we will evaluate the results before the start of the second year and then decide what to do next.
After our discussion as a group on Monday debating various APR strategies — along with seeing very few lockups despite high APRs in recent cycles, I am in favour of a more middling APR than the high APR experimentation that was ongoing previously and my vote this cycle reflects that.