I would be against this.
The rest of the roadmap here is far more important than this. This is a vanity feature. It sounds nice but the net gain to the protocol in terms of growth is likely minimal. This isn’t going to be a 2 day feature. Doing this means you’re losing time delivering features that matter, like, say the TradingView integration or closing a position and receiving any token. These are things that might make traders actually use the platform more. If you look at holders of GMX or GLP you’ll notice that “mercenary capital” doesn’t flood in during time of increased fees and abandon immediately thereafter. Most LPs stick around, and so a fluctuating APR matters little.
The majority of people who ask “why APR dip” in TG and Discord are wanderers. They literally are not the ideal customers of GMX anyways so why pander?
If we’re doing this for the sake of building a treasury, I think it makes more sense to have the protocol take 1-2% of weekly fees for emergencies. As an LP I’d take “hey the protocol takes 2% of fees for emergencies and growth” over “hey your APR is capped, but you might get some of that back if volumes are low for a couple weeks”