Uni v3's mechanism is a fantastic innovation that allows market participants to achieve much higher levels of capital efficiency. I'm fully aligned with the proposal seeing as we're looking to achieve just that; thicker liquidity, lower slippage, and higher revenue from trading fees per unit of capital are some of the consequences of higher capital efficiency of the protocol owned liquidity.
The apparent downside is that the RFV goes down, though the proportion of the reduction doesn't convey the amount of risk that is taken with this sort of decision -- if that could be called 'risk' at all. The trading ranges are adjustable, and that goes both ways! 🙂
Really looking forward to the new opportunities the Treasury can take which are both safe and effective.