Regarding the second point, we agree that token incentives are not a solution. Our point was that this proposal might be premature since Aerodrome incentivizes liquidity. Our instinct is that AERO emissions are driving the migration in liquidity rather than LPs preferring lower fee tiers. For example, we deposited some test funds four days ago, and if we annualize the AERO rewards it comes out to 40% return. Of course, the range of the position and the volatility of the market play a role in receiving emissions, so that estimate might not be ideal, but at least it gives a sense of what is occurring. Perhaps more research could determine how many AERO tokens are going to the previous LPs on Uniswap.
If the proposal’s goal is to provide LPs with more flexibility, then we should reset expectations that Uniswap will regain meaningful market share on Base while AERO emissions are running. Further, if the goal is to provide flexibility to LPs, we should probably focus on how v4’s roll-out can support them rather than modify v3.