With Uniswap v3 now live, it is time to talk about ways to take advantage of the new features and opportunities it offers the mStableDAO.
Today, 5k MTA are allocated weekly to incentivize liquidity provision on our MTA/WETH pair on Uniswap v2, and this motion seeks to put to a public vote to repurpose these rewards into an actively managed v3 position by Visor Finance with the same weekly amounts allocated instead to their MTA/ETH Hypervisor. This will keep the MTA tokens custodied by the mStableDAO, whilst also providing trading fees that will be a source of income into perpetuity.
Over time, this 5k weekly emission will accrue to a large pool of capital, addressing MTA/ETH liquidity and generating returns from fees. Once a sufficient amount of liquidity has been established, the reward can then be repurposed to "higher" goals for the mStable protocol.
Should this motion be brought forward and shared as a public proposal on the mStable forum and snapshot page?