With the passing of this internal motion and in response to this forum post, it is proposed to reallocate our public MTA rewards currently incentivizing the MTA/WETH Uniswap v2 position, and instead provide them to an actively managed Visor Finance position on Uniswap v3.
Today, 5k MTA are allocated weekly to incentivize liquidity provision on our MTA/WETH pair on Uniswap v2, and this proposal seeks 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.
Should this proposal resolve favourably, the mStableDAO (or it's Asset Management subDAO committee) will mint a vault position on Visor Finance, and start depositing the MTA emission on a weekly basis. This will continue until the MTA rewards program is overhauled globally in upcoming protocol improvements, at which stage the proposal will be re-evaluated.
Should the current weekly emission of 5K MTA for our Uniswap v2 MTA/WETH pair be re-allocated to an actively managed MTA/ETH position on Visor Finance?