๐Ÿ”ฅAttack of Vali: INITIA slash -80% of Yield in LP

I believe this sudden proposal should be vetoed in order to establish a direction for healthy governance and how INITIA addresses issues going forward.

Proposal39 of INITIA is asking that Yield of LP should be down to 30% in May 28. And it is getting huge "YES" votes by validator

Slashing the yield to one-fourth without prior notice is like an unexpected blow to the community members who trusted the project and provided LP support.

Whatโ€™s more, this is a proposal that could be decided in just 7 days and it is three times faster than the 21-day unbonding period required for stakers to withdraw.

I think incentive yields should be adjusted to maintain ecosystem health balance. So such changes must be gradual and accompanied by clear communication and sufficient notice. This allows investors to plan accordingly. Governance rushed through by a one-sided parties(in this case, validators) will ultimately stamp belief of early supporters. We can talk, and make much better process i think. Dont walk in one sided way, sit front of the table and let's talk!