This will likely not create much buy pressure (if any at all).
But this will make the governance more rich.
Thoses are just 2 different targets. I don’t think a buyback for the sake of a buyback achieve much of anything that the providing of LP doesn’t (from point of view of LP, from point of view of your wallet I can understand that a buyback is tempting), for me this sounds a lot like the charity coin you described earlier.
Providing liquidity makes :
- a diversified portfolio.
- more profits (as you keep them long term)
- move some liquidty from V2 to V3.
- bigger TVL (less price impact more swaps)
- more stable liquidity