Tbh my position is that it’s really not productive to be thinking about turning on the fee switch now.
We have so much more to do than just focusing on the easy gains for now.
We have to solidify our position as leading DEX.
We have to ensure a nice migration to v3 and L2.
We have to grow the ecosystem and dev community around v3.
We should be discussing a new liquidity mining campaign to make up for the risks of moving liquidity to L2 (where smart contract risks are next-level compounded).
I really think the main difference between Sushi and Uni is the short-term “muh gains & rewards now” mentality vs. the long-term play and 4d chess Uniswap is playing.
Uni v3 is probably going to reinvent DEX. We want LPs to migrate massively, we want to be as welcoming as possible to both LPs and swappers. We want new types of professional market markers to take advantage of concentrated liquidity so that swappers (retail) gets better prices (less slippage/price impact). It’s not the time to be feeding on LP profit margins.
When volume is up 10x, that will be the time.
Until then, it’s in our interest to focus on growth, not on rent-seeking.
Also, we already have a HUGE treasury. What’s the point to grow it with fees ?