In this forum post a reduction to the EARN reward going to the MTA/WETH pool on Uniswap was discussed. This has now been actioned and rewards are being reduced over an 8 month period to a flat level of 5,000 MTA per week.
The launch of Uniswap v3 introduces some opportunities and options that should be discussed by Meta Governors regarding the incentivisation of MTA/WETH on Uniswap.
The key questions to answer are:
- Should we migrate the rewards to v3? If so how? Will v2 liquidity still be important to DeFi?
- The original goal was to bolster the MTA tokens liquidity across DeFi. Do the capital efficiency improvements of v3 mean that incentivising liquidity with MTA rewards is a lower priority now?
- How does yield farming on v3 even work? As each LP position is an NFT now, what would users actually deposit into the EARN interface? (Admitting my ignorance here)
- Does anything change when Optimism and L2 gets rolled in?
Continuing to incentivise liquidity with MTA emissions on v2 does not seem like an optimal use of MTA rewards if the majority of liquidity migrates to Uniswap v3 over the short and medium term. Is there an opportunity for us to find a better strategy for incentivising MTA liquidity on Uniswap now v3 is live?