### Primary reason for putting up the above proposal

1. The current depth and spread of the market for PDEX in centralised exchanges is not sufficient. 2. The team needs to unlock the unused market making capital ( in USDT) in the centralised exchanges - to be utilised for project development and growth initiative, in light of uncertain market conditions. 
3. The project needs to have a long term market making partnership with a reputed market maker in order to support its exchange launch coming up later this year. 
To accomplish this, after several weeks of negotiations with top 5 market makers in the crypto industry, the team has finalised a loan agreement with GSR, a Tier1 market maker. The partnership announcement will be made in public when the activity begins. 

### Conditions of the loan are as given below 

1. 500,000 PDEX or its equivalent value at a mutually agreed strike price will be returned to the treasury in one year from the date of commencement. 
2. In return, the market maker will carry out MM activities for PDEX on one or more exchanges on which the market maker is integrated.


PolkaWorld proposes a social contract with the Polkadot treasury for operations and maintenance from June to August 2023 with main goal to continue supporting the Chinese community's education on Polkadot. Activities include publishing articles, hosting meetups, conducting online broadcasts, producing educational videos, and interviewing ecosystem teams. PolkaWorld emphasizes its extensive collaboration since 2019 and highlights past contributions, such as article publications and event hosting. The proposal underscores a commitment to regular reporting and provision of review processes for accountability.

Reward 20 collators of the Polkadot System Parachains for 2 month operational expenses. The tip amount varies from 59-512 $DOT.

- The team wants to improve the market for PDEX in centralized exchanges.
- They want to use unused capital for project development and growth.
- They need a market making partnership for their exchange launch.
- They have finalized a loan agreement with GSR, a market maker.
- The loan will be repaid with PDEX or its equivalent value in one year.

#4 Market Making Activity For 1 Year

No Active Proposals