This is very well thought out and I am in general agreement. Your framework is a good start towards answering the questions I raised in my post. Namely what are we trying to accomplish with issuance? Where should we target the issuance? How much issuance achieves our goals of those first two questions, and what is the cost/benefit analysis?
Overall the numbers you mentioned are quite in line with what I was thinking. Edit: I had some bad math here, removed for now…still like your numbers.
The yPool certainly already has standalone value, and the upside you point out is huge.
YSwap seems to be overlooked from what I can tell.i think it’s another potential source of huge value. I’d be interested to hear more discussion on it as an area to promote.