UNI farm treasury strategy for LP incentives
I propose that we allocate a large percentage of the treasury to farming the UNI pools.
The UNI token is a major defi staple and it would be prudent to collect as many as we can while the opportunity is here. Our treasury currently is deployed in the yUSD strategy however we have a short window of opportunity to accumulate UNI for further flexibility.
We need to develop strategies for promoting positive rebase and higher LP returns in tandem. Additional farming revenue from UNI can further be distributed back to LPs in the form of UNI or converted to buy YAM from our LP and placed back to incentivizer to redistribute. There is a lot of potential to solidify our liquidity incentives for the crucial growth period where many LP have criticized and left yam due to the hungry treasury.
I propose we supply liquidity from treasury to each UNI pool in equal value to maximize UNI returns. This program runs through November, after which we can revisit treasury strategy.
The UNI collected should be used to buy YAM from LPs and then purchased YAM replaced into incentivizer. This will potentially bring much buying pressure back to yam, increase farming APY, and further positive rebase to grow treasury and develop a stronger price floor.