Look, I've got nothing but respect for the folks behind this proposal, but I need to be real here – HIP-5 isn't it for me.

Here's my issue: it's pulling value away from the L1 token. And honestly? That L1 token is one of the strongest value capture mechanisms we've got in this ecosystem. Why mess with what works?

Then there's the correlation problem. We're talking about creating serious risk exposure to higher beta assets. That's not diversification – that's concentrated vulnerability.

Plus, let's not ignore the elephant in the room: the landscape is already hyper-competitive. We're fighting on multiple fronts as it is. Adding more complexity to the tokenomics just feels like we're shooting ourselves in the foot.

Just my two sats on this governance debate.