Code:
Title: PIVXmm02
Name: PIVXmm02
Term: 1 Cycles
Cycle Amount: 130 000 PIVX
Total Amount: 130 000 PIVX
Author: Jeffrey
Receiver: Jeffrey
Address: DRXU1btYU8g8JqPg2ZGq6qPFX6DYQ2DAtU
Status: Active
Vote Hash: c5f8d04dd2873f39298b55f3e1537c237bce3c80a4b5ca0e5b281c8d0e70c5d7Hi all,
This proposal serves as a "renewal" of a previous proposal here - Market Making - Top Up . To further strengthen the liquidity across major exchanges such as Binance and MEXC this proposal will first be used to renew our market making efforts and then provide remaining liquidity to be used to meet the requirements. The goal is to get our -2 and +2% up to par to request additional trading services such as futures / higher margin and to overall provide a market that is sufficient for services such as swaps and payment gateways. Having sufficient liquidity essentially means better quote prices due to less fluctuation across the -2 and +2%
Thank you again for your support. More of these proposals to come in the near future however I am pending a new offer from Poloniex and may submit for that next cycle.
Our Current MM portfolio with Armada (As of 6th Oct 2024):
Liquidity Comparison:
1 year ago- 41,302 USDT
Today - 259,499 USD
This figure will actually be much larger once our MM uses more of our liquidity in the coming weeks, currently in volatility mode to protect our funds.
We will keep growing! In the past we lost major exchanges due to no market making efforts, that is now a thing of the past.
If you have any questions please feel free to ask below.
Funding:
Funding this round has no NET USD value, remaining budget requested to assist with market making efforts. Therefore for this proposal I am asking for:
130 000 PIVX
Of which I will deduct 50 PIVX to cover the cost of submitting this proposal.
Voting Details:
To Vote YES for this proposal:
Code:
mnbudgetvote many c5f8d04dd2873f39298b55f3e1537c237bce3c80a4b5ca0e5b281c8d0e70c5d7 yes
Code:
mnbudgetvote many c5f8d04dd2873f39298b55f3e1537c237bce3c80a4b5ca0e5b281c8d0e70c5d7 no