From the discussions I’ve read on here, we are yet to truly engage with Uniswap Liquidity Providers for their thoughts on the protocol fee switch (and other proposals).
As UNI holders, we are enormously reliant on the continued engagement of liquidity providers, yet unless they are both a UNI-V2 LP holder and a UNI holder, their voice is ignored from snapshots and governance. They currently have no way to create a unified way to voice their opinions and concerns.
I am recommending that we aim to solve this by introducing a Snapshot.page that allows UNI-V2 LP holders to signal their opinions.
I say this because if we consistently make decisions that push away LPs we are in deep trouble.
While this of course would not entitle UNI-V2 LP holders to protocol fees, their input into the governance process - I feel - will be a net good for all stakeholders.
EDIT: I should also clarify that I don’t think we should expect LPs to buy UNI to have their say. As mentioned, we are reliant on LPs and should make their input as frictionless as possible.
I also wouldn’t imagine LP holders would have UNI proportional to their value as an LP (put simply, if they LP for 10% of the protocol, it’s reasonable to assume they won’t also have 10% of the UNI supply).