I like posts like this, they should spark discussion.
First for the personal decisons. Everyone should be carefull not to overexpose them self to a new project that is experimenting and trying out new things. The project can fail no matter how well intenioned it is. Its just how things are when you try new things. If succeds ... then bingo. Everyone should looks at this as a type of fun/casino, trying out new stuff... the whales you mentioned that are locked, I know few of them and it is no bigie for them if it all goes to zero .... btw landing should help them out

About the project itself, the volatility and the stability you mentioned. You are saying we should opt for stable asset with yields. How do you propose we get there? To have a stable asset you need big initial liquidity and a small marlet cap, that will gorw slowly.You did well looking at the the liquidity vs the market cap. How can we seed a 1M liquidty at start for example, instead of 100k?
Even if it is a 1M, it still nothing and whales outised our domain can move it with ease. Looking for stablity in crypto is very chalenging. At the end of the day you cant learn without doing something. This is another itteration, and it has it pros and cons, a lot of new things added. Hope we all learn from it .... and yes it is still early to judge