TDP 40: Uniswap v3 Liquidity Deployment

It is proposed to deploy a protocol-owned MTA/WETH position on Uniswap v3, as the current LaaS incentive from Ondo Finance is coming to an end and has proven to be less effective than anticipated.

The DAO suggests to deploy in a range that allows us to enter the position with 100% MTA, and have the pair slowly convert to ETH as MTA appreciates in value over time.

Based on these findings by dimsome, an entry in this position at the upper range of around 7381 MTA per ETH is proposed (which can and will be re-adjusted just before entering the position based on the WETH/MTA price at the time of deployment to allow for single-sided entry) and a lower range set to 1130 WETH/MTA with a fee of 1%.

The Asset Management subDAO will deploy the position using 1,000,000 MTA funded from the TreasuryDAO and will have the liberty to re-adjust the range once per quarter if this is economically sensible.

Links

• RFC: Uniswap v3 Liquidity - Take 2
• Proposal: TDP 40: Uniswap v3 Liquidity Deployment
• Discussion: TDP 40: Uniswap v3 Liquidity Deployment

Should a new Uniswap v3 position be deployed via the Asset Management subDAO as outlined in TDP 40?