I also agree with this, while it is a great initiative to focus on stATOM and stkATOM, what is the reasoning behind the 90:10 split? I also think Stride should have the largest portion of the ATOM, but why specifically 90:10 and not 80:20 or 70:30?
About IST itself, before there was native USDC or USDT, IST was an IBC stablecoin coin but with native USDC or USDT the value add of IST is that it is overcollateralized rather that fiat-backed stablecoin? DAI is also overcollateralized but has the bridge risk, however when Ethereum and hence DAI (4.7B marketcap) connects also to IBC how will IST (1.3M marketcap) compete? What are the collateralization ratios of IST for different accepted vault assets like ATOM or stATOM?
Also, ‘The Reserve is a fund of diversified cryptocurrencies held by the Inter Protocol as Protocol Controlled Value (PCV). This provides an emergency fund that can cover a shortfall in a major liquidation or extreme market volatility.’ → crypto is highly correlated, when markets go down a lot, almost all crypto assets go down a low, meaning that if this reserve is in crypto assets only it will also go down with the overall market and likely unable to cover any shortfalls?