RainDevMMFund-01

We are requesting support to provide continuous market making and liquidity for PIVX on NonKYC for an initial period of 3 months.

The goal is to improve PIVX liquidity, increase order-book depth, reduce spreads and slippage, and provide a better trading experience for PIVX users.

Program Duration

3 months

Liquidity Requirement

We estimate that approximately 50,000 PIVX per month will be required as working liquidity for the market-making operation.

Total for 3 months: 150,000 PIVX

The PIVX will be used to maintain active buy and sell-side liquidity on NonKYC and dynamically manage the order book based on market conditions and trading demand.

Objectives

• Improve PIVX liquidity on NonKYC
• Increase order-book depth
• Reduce spreads and slippage
• Provide consistent buy and sell liquidity
• Support organic trading activity
• Improve the overall trading experience for PIVX users

The strategy will focus on providing genuine liquidity and improving market quality rather than artificially generating trading volume.

During the 3-month period, we can provide regular reports covering relevant metrics such as liquidity, spreads, order-book depth, and trading activity.

Requested allocation: 150,000 PIVX for 3 months
Monthly allocation: 50,000 PIVX

Hey @MrAli ,

You are new to the Community, and people don't know you yet. Can you please give us some background on your experience doing Marker Making, perhaps with some data to demonstrate your effectiveness?

Thanks

Thanks for asking. To be transparent, I don’t have a previous professional track record as a market maker, so I don’t want to claim experience I don’t have.

However, I have already started providing liquidity for PIVX using 100,000 PIVX of my own funds. I’m doing this at my own expense to test the approach, understand the market conditions, and gain practical experience with PIVX liquidity before proposing a larger community-funded initiative.

My background is in crypto and blockchain since 2018, with experience in blockchain development and infrastructure.

The purpose of this proposal is to expand on what I have already started and provide more consistent liquidity on non-KYC markets, with a focus on improving order-book depth, maintaining reasonable spreads, and reducing slippage.

I believe the results should be evaluated transparently using measurable metrics such as liquidity depth, spread, trading conditions, volume, and uptime.

I’m also open to treating the proposed 3-month period as a pilot, allowing the community to evaluate the actual results before considering any longer-term arrangement.

Ah! OK. So, you are going to be using the AMM tools at NonKYC.io. You are asking for funds for the PIVX side, and you will match the value on the USDT side. Sounds good!

Please consider working with Jeffrey to make sure your efforts compliment his Marker Maker efforts too.

@Eric_Stanek:
Ah! OK. So, you are going to be using the AMM tools at NonKYC.io. You are asking for funds for the PIVX side, and you will match the value on the USDT side. Sounds good!

Please consider working with Jeffrey to make sure your efforts compliment his Marker Maker efforts too.

This way, the MM doesn’t need to sell into the market to provide liquidity.