I very much share your analysis and opinion. I liked the 20% and tried to increase my holdings and brought new money in but indeed after Anchor protocol and the TerraUSD crash it seemed a scam to some at first sight, which is not a good thing- "you only have one chance to make a good first impression" as they say. And truly the real issue was that there was no good plan to leverage that "product" in order to market the platform.
On the other hand, lowering it might not be the most appropriate response: we should rather focus on marketing the many excellent features of the platform. Bring content creators over from Substack for instance, think of some "metering" Medium-style perhaps especially if we do manage to bring high-flying content creators, etc.