I’d like to add two things regarding the timing of the liquidity mining program continuation.
- Uniswap Governance is likely to turn on the fee switch during the next year, at least for USD/ETH and BTC/ETH pairs.
LP rewards will shrink to 83.3% of what they currently are, so the major pairs’ liquidity will take a hit.
We might want to compensate for that with a liquidity mining program.
- The main competition for dominance on the AMM market will likely happen between Uniswap V3 and Deriswap around the same time.
The “liquidity bullets” might be needed soon, so it might make sense to save them.