Appreciate the rate cuts from December however the reactivity hasn’t been fast enough to capture the existing market environment. Hence the ask isn’t to change rates aggressively instead to proceed faster on the actions needed to take the rates to correspond the existing market conditions into prod.
Borrowers can be less sensitive for short term price movements of interest as long as the borrow costs are adjusted promptly as well. For more predictability for borrower costs there is of course GHO as well.
Regarding the interest rate oracles, I do think the right trend is towards automatization. However I do have one specific concern related how the business decisions would be involved into any automatization that the protocol will adopt. It’s true that interest rate decisions do relate to risk pricing, however, interest rates should be widely driven by business decision of the DAO. What kind of pricing the DAO wants to apply to facilitate business. We have very good people now at the DAO with great business sense and it would be important to ensure that any interest rate oracle automatization is based both on risk and business.