I had a similar opinion to yours at first. What made that change is that I now view the POOL pool distribution as a mechanism to distribute POOL among the long-term aligned community. Not as an expense. It’s not actually necessarily beneficial, from a decentralization perspective, to have over 50% of total POOL locked up in the treasury.
We had some quite extensive discussions on this in the main post. Here’s the link to where I personally changed my mind:
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