Title: PIVXMMFund09
Name: PIVXMMFund09
Term: 1 Cycles
Cycle Amount: 70 800
Total Amount: 70 800
Author: Jeffrey
Receiver: Jeffrey
Address: DBPtNVs9BgkafBhVHSBdy2gPPJ2hWMen8v
Status: Active
Vote Hash: 2427074b2c43b7fe0508e79b448f82c06cdbdf7be63cf95d92fa0c10e76c6619
Hi everyone,
This is the next cycle of our recurring liquidity provision program with Enflux, our professional market maker partner. The sole purpose of this proposal is to continue supporting deep, two-way liquidity on Binance and MEXC. I will submit for the remaining budget to accommodate this. Funds remain the property of the PIVX DAO. This proposal and wording remains exactly the same as prior proposals as it is simply a renewal. Deductions for mm will also be taken from the liquidity fund
Strong liquidity directly benefits the entire PIVX ecosystem by:
- Improving order book depth and resilience
- Tightening bid-ask spreads for better execution prices
- Reducing slippage on larger trades
- Supporting more stable and efficient price discovery especially for swap sites and payment gateways
- Making PIVX more attractive to traders and new participants
You can find the previous proposal here - /archived-proposals/pivxmmfund08-t1368
Funding:
For this cycle I will request a total 70 800 PIVX, of which 50 PIVX will be returned to me to cover the costs of submitting this proposal.
Voting Details:
To Vote YES for this proposal:
mnbudgetvote many 2427074b2c43b7fe0508e79b448f82c06cdbdf7be63cf95d92fa0c10e76c6619 yes
To Vote NO for this proposal:
mnbudgetvote many 2427074b2c43b7fe0508e79b448f82c06cdbdf7be63cf95d92fa0c10e76c6619 no