The goal of this discussion is to determine whether Maia DAO should migrate its LPs to the Metis Uniswap V3 fork and establish the most effective migration process, contingent upon the approval of the community through a snapshot vote. If this proposal passes, the migration will commence immediately, ensuring a swift transition to capitalize on the benefits of the Metis Uniswap V3 fork.

As the Aave launch approaches and Metis' need for liquidity increases, the introduction of Uniswap V3 aims to provide an efficient platform for hosting liquidity providers that are available for Aave liquidations. The fee switch will be activated in the next few days, with a 10% fee. Maia DAO should seize this opportunity to initiate liquidity.

Current LPs can be found at: https://debank.com/profile/0x77314eaa8d99c2ad55f3ca6df4300cfc50bdbc7f?chain=metis

Proposed LPs

Pool: MAIA/WETH 1%

We propose migrating our Maia/USDC LP to Maia/WETH to take advantage of Uniswap V3's fee tier and set a 1% fee. Since current LPs are not staked, they are only receiving 0.01% fees from Hermes vAMM. This change would increase our fees generated per volume by 100x. Additionally, pairing with WETH will reduce price divergence with the paired asset, helping to offset increased IL.

• Bounds:
  • Range: 1600%
  • Upper Bound:
    • Price: 0.07876
  • Lower Bound:
    • Price: 0.0049225
• Initial Amounts:
  • Maia amount: 6,363
  • WETH amount: 115
• Initial Price (Approximation): 0.01969
• Increased Depth relative to old LP with USDC: approx 2x
• Increase fee per volume: 100x

Pool: m.USDT/m.USDC 0.01%

To enhance our capital utilization and capitalize on the increased capital efficiency of Uniswap V3, we propose migrating Maia's stable LPs from Hermes. This action would help establish liquidity on Uni Maia, as stable liquidity is crucial for any AMM.

• Bounds:
  • Range: 0.05%
  • Upper Bound:
    • Price: 1.0001
  • Lower Bound:
    • Price: 0.9994
• Initial Amounts:
  • m.USDT amount: 235,330
  • m.USDC amount: 71,880
• Initial Price (Approximation): 0.9996

Options

• Yay - Approve Liquidity Migration from Hermes to UniMaia
• Nay - Do not approve Liquidity Migration Hermes to UniMaia