The discussion to drop the rate has been ongoing for a few months now, that I know of, and I never got clarity on the why and why nots of it all. I don't know the positions clearly enough to understand how it's intended to impact the ecosystem. I heard a lot of talk about whales wanting to keep it high, and everyone else wanting to drop it to distribute more rewards for content creation, but I know it's far more nuanced... I just never could find out the specifics to know exactly what was being discussed. Personally, I thought a good return on a stable coin was one of the best things we had going for us.
Yes, I've been hearing on the grapevine about a drop the past few months as well.
Ok, so sounds like whales that probally post less are looking to keep the APY high and everyone else who produces content wants better rewards. I am sure there is a happy middle ground to be found.
And I agree with you on a high return stable token being one of the best things on HIVE. Personally, for me, anything over 12% is good, over 15% is great and over 18% is amazing so even with this small drop, im still happy.
I just hope it is not the first of many drops.
Thanks for checking out the post and dropping some awesome feedback, have a great day.