If the signaling proposal to transfer this position to Hydro as part of the initial seed liquidity goes through, then December should be fine for the range. Much like now, the liquidity still remains useful when out of range as it provides peg support during spikes.
A major issue that has come up when talking about POL is also the amount that is held as the LST. The greater the proportion held over market rate, the more of the LST has to be held, which wasn’t really considered an issue when this first went on chain but now has concerns raised about the dilution of voting power.
If this isn’t an issue and folks don’t think Hydro will pass/be in ready for December then the range should be extended though.
One way to mitigate this is to move more of the funding into the Quasar vault that is currently assigned 10% of this.
Although it is in a higher spread pool, it currently sits at 1.334 - 1.379 making it around 8 times more efficient than the existing liquidity in exchange for performance fees and is almost entire ATOM.
I suggest removing around 120k of ATOM from the static position, adding it to the Quasar vault - yielding almost the same depth for collateral as currently exists, and then migrating the remaining 690k ATOM to a new static position of 1.1-1.45.