A couple questions to help me understand what is being asked:
-
If we assume the same fraction of the MVI-ETH pool remains on V2 as we currently experiencing on DPI-ETH V2 and we use the percentage of liquidity that departed V2 for V3 when MVI-ETH rewards stopped in early August - What size will the MVI-ETH pool on V3 be then ?
We can assume the price is constant and we can ignore trading fees as these are second order variables. -
What size pool on V3 are we targeting ? As in how much do we need to transfer from V2 to V3.
If we know what size pool we want to achieve and we can crudely estimate what pool size we will create naturally from migrate V2 to V3 without incentives, then we will be easier to determine if any incentives are even needed. At this point in time, we can do more to justify the spend.
I encourage PWG to present a clear justification for this spending request to Funding Council which falls outside of the current Q3 PWG budget.