Proponent: CoinAlpha

**Date: ** 11/30/2023

**Requested allocation: ** $12,000 (worth in PDEX)

**Proposal Summary: ** Extend CoinAlpha's appointment as Market Maker for PDEX/USDT on PolkaDEX and AscendEx

Short Description: This submission proposes to extend CoinAlpha’s appointment as Market Makers for pairs on Polkadex Orderbook and AscendEx. The requested treasury funds will be used to cover the monthly market making fee for these two pairs.

Duration: The requested funds will cover 3 months of market making services

**Program details and logistics: **

A. Polkadex on-chain treasury agrees to enter into a 3 months engagement with CoinAlpha for market making services on Polkadex orderbook and AscendEx, for the following pair: PDEX/USDT.

B. The monthly MM service fee will be $2,000/pair, totaling $12,000 for both pairs for a 3 months period.


Problem Statement:
- CoinAlpha is requesting an extension of their appointment as Market Maker for the PDEX/USDT pair on PolkaDEX and AscendEx.

Significance:
- CoinAlpha's market making services help provide liquidity and stability to the PDEX/USDT pair on both platforms.

Proposed Solution:
- Extend CoinAlpha's appointment as Market Maker for the PDEX/USDT pair on PolkaDEX and AscendEx.

Expected Outcomes:
- Continued liquidity and stability for the PDEX/USDT pair on both platforms.

#2380 Extend CoinAlpha's appointment as Market Maker for PDEX/USDT on PolkaDEX and AscendEx