Should we reduce the stabilizer funding? Maybe cut it all for the time being. The cons of this would be more volatile HBD price. Can’t really tell. Even if we cut all the funding for the stabilizer the users always have the option the convert HBD to HIVE themselves. Maybe reduce the stabilizer funding in half?
The ultimate backstop for this cycle is the haircut rule and HBD devaluation. If the market turns around in the meanwhile that will help a lot as well.

The stabilizer isn't the problem. Removing it doesn't really do anything but cause a rush out of HBD via the internal conversion mechanism and amplifying the downward pressure on HIVE.

Not to mention this would break some projects that rely on a stable HBD.