Thank you for the thoughtful response! I’m Austin, one of the core committee members from Llama.
This proposal is very much the beginning of the Uniswap Liquidity Program (v0.1). We want to ensure the community starts with a strong foundation and is able to adapt as we see the market response through a data-driven lens. Migrating liquidity is just one of the stated goals of our proposal. We also aim to encourage new participants to experiment with LPing and further diversify the UNI token holder base. We believe that incentivizing stablecoin pairs will be a big driver for the latter two goals.
Given the experience of the committee and the unique skill set required to implement a comprehensive liquidity program, we believe $150/hr is quite a fair rate. I’m sure most of the committee members are used to being paid much more for their work. The 30 hour aggregate weekly limit means the community will only be paying a max of $4,500 a week for all the manual effort required to help the community manage a liquidity program. Pair selection is a subjective process that cannot be easily automated: any action requires close monitoring and frequent reporting to the Uniswap community. We take this job seriously and are committed to providing weekly updates to ensure the committee is more than justifying the cost of their work.
UNI holders are already highly incentivized to expedite the migration of liquidity to v3, so we figure it will be a better use of funds to start with these pairs.
We’re happy to hear that you share the same goals as us. This proposal is just the beginning of what the Uniswap liquidity program can be. As the program evolves, there is the potential to have a process to add new pairs to this list. Uniswap is a rapidly growing protocol and we think beginning with these selected pairs will maximize our chances to grow with it.