This range is quite wide, but it’s an example of what could be used:
This range would basically make SWISE rewards a whole lot smaller and would effectively provide the entire 63.5 sETH2 portion taken from the pool at the disposal of traders. The position is ~13-14 ticks to the left and one tick to the right, 0.98807-1.002. This uses the maximum amount of sETH2 possible, while providing very little rETH2 to the pool.
I’m not sure how much this would reduce SWISE APR exactly, but I know it’s significant because I pooled like this on the sETH2/ETH pool for a while to avoid loss of principal (since I staked early) and to maximize staking rewards even if SWISE rewards were lower.
Using this position though, the DAO would feel the change in proportions of rETH2 and sETH2 as other liquidity providers whenever a trade happens, but would retain the maximum possible amount of sETH2.