Based on what I have gathered, it seems like we are seeing the desired effect from raising the fees, an increase in burns, a decrease in mints, decrease in TVL, while maintaining income and potentially growing it partially.
There are other factors weighing in increase in BTC value which has caused an increase in the total TVL of the entire DEFI space, despite the total BTC locked growth rate has slowed down substantially in comparison to the last 2 epochs.
wBTC a direct competitor, has managed to continue to grow their TVL since it is of no concern to them throughout this period. However it is worth noting the slower rate of growth which is in line with we see in most of DEFI.
I support this RIP for an increase, and further in support of starting new chains with a higher Mint fee than 0.1%, if we are concerned about an overly congested TVL then we shouldn’t heavily incentivize too much volume with new chains.
That being said, if we want to encourage both Volume coming in from new chains with a low MINT and balance the TVL, the team might consider a continuous fee, it’s a sure-fire way to get people to BURN with some expediency, and it exists for this very condition we are burdened with.