Very interesting discussion, the option to switch on the fee should be available from mid march according to the 180 day time lock.
After reading through all these messages, I see the reasons not to buy and burn but to instead distribute X to all those that stake in the UNI voting contract for the following reasons;
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Incentivises staking in the voting mechanism rather than just passive holding (As only those that register to vote get the benefits from fee distribution, encouraging more to vote)
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Creates a situation where there is a P/E price of the token. (Based on $5 Uni, 400M volume and 100M tokens voting that’s about 6.8)
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Similar to point 1, encourages user not to store there Uni on centralised exchanges. (As they’d be missing out on these rewards, reducing that attack vector)
Buy & burn, doesn’t properly achieve any of these goals.
The question then becomes what token should be
distributed?
I see 5 reasonable choices in my opinion.
ETH, DAI, UNI, (ETH/UNI) LP, (DAI/UNI) LP