I personally don’t think this is the right reasoning for removing the rewards.
We are protocol that finances RWAs and one of our biggest selling points is that we offer stable yields, uncorrelated to the cryptomarket. So if anything, we especially want to attract investors in bear markets.
That being said, I am open to discuss this further - but I don’t think we know all the implications of removing the rewards.
Both @ImdioR and @ctcunning are asking some very relevant questions that I think we should investigate the answers to before concluding that removing the rewards is beneficial for both Centrifuge and the token holders.