early on, we implemented an “algorithmic” rebase lag.
this was done to prevent share dilution during the early days.
however, now that SHARE is deflationary, an algorithmic rebase doesn’t make much sense.
In particular, it gives a very large rebase lag to negative rebases, which which decreases the amount of USD to burn. I think we all agree that removing USD is very important during negative rebases.
We propose to change the rebase lag to a constant factor (like 30), which means the rebase lag is a 30 day moving average (roughly).