The staking of Community Pool funds by the treasury subDAO will further reduce the APR for existing delegators.
A decline in APR directly correlates with a decrease in the token’s value.
It is necessary to clearly explain how diverting profits, which would otherwise go to delegators, to the Treasury subDAO and Validator serves to enhance the long-term value of the dYdX token.
From the perspective of a Validator who benefits from receiving delegations, this is advantageous; however, this is not the case from a delegator’s standpoint.
I am in favor of establishing a Treasury SubDAO to make effective use of the funds, but such a move requires a well-thought-out strategy. Simply stating that the funds will be staked with a validator will not satisfy the community.
What is crucial is whether there is an entity capable of managing the assets of the SubDAO with true leadership.