While the idea of KPI options is good in principle, we are not sure if we agree with the implementation as outlined in the post. While TVL is a good metric to compare different protocols, Uni v3 is focused more on capital efficiency, which we can see via their implementation of concentrated liquidity, rather than TVL. TVL is highly dependent on token price, which is subject to extreme volatility, and does not directly incentivize more trading on Uni. The whole purpose of KPI options is to incentivize behavior aligned with the protocol. Therefore, a better KPI could be average market share over some predefined period of time rather than TVL. The goal is to establish Uniswap as the dominant leader in DEXs, which we believe connects better with average market share rather than TVL. More clarification on implementation details would be extremely helpful in evaluating this proposal in-depth.
Additionally, could you explain how you will avoid conflicts of interest given you are carrying out treasury management for SushiSwap, a direct competitor to Uniswap.
Also, there has been a $100k grant given to a group to explore treasury management options for Uniswap’s treasury, do you have any plans to work with them?