From the income statement perspective: Liquidity Mining is not cheap. But without on-chain liquidity product integrations are not viable. If we think long term, we need a lot more on-chain liquidity for integrations with Tier 1 lending protocols like Aave.
The spend on MVI is a lot less relative to DPI and the DPI product is a lot more mature in its lifecycle. Capital efficiency would be to shift LM rewards from DPI to MVI and still taper our expenditure.