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Active MMFundingNov

L

Liquid369

Administrator
Code: 
Name: PIVXMMFund13
Term: 1 Cycle
Cycle Amnt: 145,275
Total Amnt: 145,275
Author: Liquid369
Receiver: Liquid369
Address: DGN1XVpAbvGRn9jXh4qngj787YVuj4v5aP
Created: 11-02-2026
Status: Active
Vote Hash: 61e86d5b4c68c9bdd531067db665987613191eb33d3c4211fa566460bb75ce70

PIVXMMFund13

This proposal continues the market-making program; the previous cycle is PIVXMMFund12. It asks for the remainder of this cycle's budget, to be deposited into the PIVX market-making account that Enflux runs on MEXC.

Who runs it

Enflux is the DAO's only market maker, and it works only on MEXC, the exchange where PIVX has its deepest order book. The swap and payment partners also draw their liquidity from MEXC: ChangeNOW, Changelly, ChangeHero, SwapSpace, Travala, NOWPayments, HoudiniSwap and others. Thin MEXC depth therefore means worse rates on every swap site that lists PIVX, not only on MEXC itself. Some of the team behind Armada, the previous market maker, formed Enflux after Armada closed. Enflux has run PIVX market making since PIVXMMFund07 (2026-04-29).

  • Cost: the last invoice, posted 2026-09-22 in the PIVXMMFund11 thread, is 2,820 a month. Armada's last published rate was 2,000 per market, 3 markets), so Enflux costs less than half of that.
  • One account: proposal PIVX goes into the market-making account. That single balance pays Enflux's fee and trading fees, and it holds the liquidity Enflux quotes.
Where the account stands

Last public reading, 2026-10-08: $25.3K total, $21.2K USDT, $4.04K PIVX
Buying pressure has left the book skewed toward USDT. Enflux needs PIVX to quote the sell side, so a PIVX top-up is what this account needs most. The target is three times the current MEXC depth, with the spread kept below 1%.

The number

Each superblock pays out 432,000 PIV. The proposals now passing take 280,050, which leaves 151,950. KyenoNov26 takes 6,675. This proposal takes the remaining 145,275 PIV, which includes 50 PIV reimbursing the submission fee. At 5,480: roughly two months of Enflux fees at the current rate, or about $5,400 more PIVX on the sell side. It comes out of one balance, so in practice it is part of each.

At current prices, a full budget cycle no longer covers much. Enflux has asked for an additional 700,000 PIVX to cover the new buying pressure (LOBD14, 2026-09-23). This proposal does not try to meet that. It puts what is left of this cycle where it does the most good.

Reporting

At the close of the cycle I will post the outbound txid from the proposal address into the market-making account, the invoice total for the period, and an updated Enflux balance.

Voting

GUI Wallet: DAO page → vote "yes" on PIVXMMFund13

Console:

Code: 
mnbudgetvote many 61e86d5b4c68c9bdd531067db665987613191eb33d3c4211fa566460bb75ce70 yes

Code: 
mnbudgetvote many 61e86d5b4c68c9bdd531067db665987613191eb33d3c4211fa566460bb75ce70 no
 
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