This proposal makes it possible for liquidity providers to deposit ETH and earn a $WEN yield on their deposits. The ETH is automatically deposited into a one-sided V3 liquidity pool (initially ETH), helping create "deep liquidity" on Ethereum (and eventually other chains).
The Uniswap router (and routers on other DEXes as we expand this strategy across other DEXes) will route transactions between the V2 and V3 pools, filling orders from whichever pool offers the best price.
A yield farming strategy like this helps reduce volatility for $WEN.