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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
 
Oh so this assumes WAMS and Jeffrey do not get passed?

Also does paying this MM guarantee that no delisting will occur? What is the contingency for if they delist PIVX anyway?

I asked Jeffrey both of these questions yesterday, but I'm asking them again as this is seemingly a new proposal from a new owner?

For context, I don't know much about MM to consider myself an expert, But I know that if the choice is between Jeffrey and WAMS or Marketmakers, I would rather have those guys and find decentralised solutions as we would of 8 years ago, if Zerocoin didnt fall over.
Thorchain/Maya exist now, we have other options than to pander to trad-fi. ESPECIALLY at the cost of these two guys. This is madness.

https://pivx.org/news/pivx-zdex-well-positioned-against-potential-privacy-coin-regulation-in-japan -- Lets take a trip down memory lane.
 
Cryptosi said:
Oh so this assumes WAMS and Jeffrey do not get passed?

Also does paying this MM guarantee that no delisting will occur? What is the contingency for if they delist PIVX anyway?

I asked Jeffrey both of these questions yesterday, but I'm asking them again as this is seemingly a new proposal from a new owner?

For context, I don't know much about MM to consider myself an expert, But I know that if the choice is between Jeffrey and WAMS or Marketmakers, I would rather have those guys and find decentralised solutions as we would of 8 years ago, if Zerocoin didnt fall over.
Thorchain/Maya exist now, we have other options than to pander to trad-fi. ESPECIALLY at the cost of these two guys. This is madness.

https://pivx.org/news/pivx-zdex-well-positioned-against-potential-privacy-coin-regulation-in-japan -- Lets take a trip down memory lane.
Click to expand...
Yes with downvoting this is the assumption they are not going to be passed.

Delisting guarantee? No, but we are atleast keeping it from occurring right now. The major focus here is if we lose MEXC, we lose the swap sites, piv cards, nowpayments etc.

The proposal isn't necessarily costing them right now, I have discussed this with them over taking the funds to enhance our market. This comes with their approval.

Reminder: The MM is 2000 USD a month itself, the rest would go to buy/sell side liquidity.
 
You raised a very good point, dear @Liquid369 . There is no guarantee against delisting.
So let's look at it this way: we're paying an MM with our money, even though, from our perspective, they haven't really demonstrated that they know what they're doing. And at the end of the day, we're a privacy coin. Whenever they feel like it, they can delist us simply because we're focused on privacy.
There are two issues here: either we have to give up our privacy principles, or we need to find a solution that permanently addresses this problem.
In my opinion, we're just treating the symptoms by maintaining ±2% market depth. So why should we spend money on that?
I understand your point about the swap sites, PivCards, NowPayments, and all the other services. Let's assume MEXC delists us tomorrow. What's our solution then?
I'm not someone who likes putting a temporary bandage on a problem. I'd rather find a complete cure.
 
MrAli said:
You raised a very good point, dear @Liquid369 . There is no guarantee against delisting.
So let's look at it this way: we're paying an MM with our money, even though, from our perspective, they haven't really demonstrated that they know what they're doing. And at the end of the day, we're a privacy coin. Whenever they feel like it, they can delist us simply because we're focused on privacy.
There are two issues here: either we have to give up our privacy principles, or we need to find a solution that permanently addresses this problem.
In my opinion, we're just treating the symptoms by maintaining ±2% market depth. So why should we spend money on that?
I understand your point about the swap sites, PivCards, NowPayments, and all the other services. Let's assume MEXC delists us tomorrow. What's our solution then?
I'm not someone who likes putting a temporary bandage on a problem. I'd rather find a complete cure.
Click to expand...
We need the bandage to then solve this problem. If we lose swap sites it slows everything down. If theres no one to talk to them or is a slow switchover to the person speakkng to them we also lose either way. Stop destroying your investment even more or do you not care?
 
With regards the mm it does appear it fails in doing anything. Throwing money at it does not seem to be doing anything. Do they charge more than they actually add value? Until we dig deeper into this we need mexc working.
 
Re:
MrAli said:
they haven't really demonstrated that they know what they're doing.
Click to expand...

Gerrald said:
With regards the mm it does appear it fails in doing anything
Click to expand...

This is failed logic. For YEARS we have said that we need MORE liquidity. MUCH MUCH more! So, you are judging their performance on us NOT listening to them, or the entire crypto industry for that matter, and providing more liquidity. All this time we have been pleading with them to keep us listed even with minimal liquidity. On top of that, @Jeffrey has spent hours and hours every month, re-allocating MM funds where they were needed most. Imagine what happens when he finds work elsewhere and PIVX no longer has those relationships.

What will prove you wrong is what happens when we get de-listed from MEXC and our monthly Treasury drops to $2,000 USD per month in TOTAL for the ENTIRE Team and Infrastructure costs!

Also, if the MM proposal does not pass, I see zero reason to be contributing my funds to the liquidity on NonKYC.io, and neither does @Jeffrey so someone better be ready to step up on that or we will get de-listed their too.

Cryptosi said:
Thorchain/Maya exist now, we have other options than to pander to trad-fi.
Click to expand...

Thorchain and Maya require massive liquidity to work. Why on earth would you approve liquidity there, when you feel the much smaller amount on MEXC isn't worth it?

I feel like my point is going right over everyone's head. I absolutely am going to call out each of you on your failed logic with "I told you so!" when the price crashes hard again. Frankly, hurting PIVX so much, should cause you each such shame, you willingly leave.
 
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