I completely understand the concern, and I think a buyback in ATOM is a very good idea as long as the funds are allocated properly, which, I agree, hasn’t always been the case. I also think Rob’s incentive idea is a viable option once there are actual products available on the Hub, which is not yet the case.
That’s why I want to create a reserve first, probably to be used later for economic incentives to encourage the use of the Hub’s products and USDN.
I also understand that USDN holders are concerned about seeing their revenue almost entirely redirected to the Hub just as they leave the Noble chain. I believe this proposal is probably driven by current US regulatory constraints. It should be up to the Hub to decide what tax it wants to apply and how to use it. And I completely agree that if the tax is too high, there will be no incentive to bridge USDN to the Hub. That’s precisely why I was considering a mathematical function to allocate resources based on real demand and market conditions. But once again, I agree with you apart from regulatory aspects, I don’t see why USDN holders should give up their yield almost entirely.