Proposer: Armada Labs (wholly-owned subsidiary of CoinAlpha Inc.) Date: 02/19/2024
Contact: partnerships@armadalabs.io
Requested amount: $6,000 (worth in PDEX)
Short Description: This submission proposes to extend Armada Labs&rsquo; (wholly-owned subsidiary of CoinAlpha Inc.) appointment as Market Makers for PDEX/USDT on AscendEx. The requested treasury funds will be used to cover the monthly market making fee for this pair. Duration: The requested funds will cover 3 months of market making services.
Program details and logistics:&nbsp;
<ol style="margin-top: 0; margin-bottom: 0; padding-inline-start: 48px;">
<li dir="ltr" style="list-style-type: upper-alpha; font-size: 11.5pt; font-family: Arial,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
Polkadex on-chain treasury agrees to enter into a 3 months engagement with Armada Labs&rsquo; (wholly-owned subsidiary of CoinAlpha Inc.)&nbsp; for market making services on AscendEx, for the following pair: PDEX/USDT.
</li>
<li dir="ltr" style="list-style-type: upper-alpha; font-size: 11.5pt; font-family: Arial,sans-serif; background-font-weight: 400; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline; white-space: pre;" aria-level="1">
The monthly MM service fee is $2,000/pair, totalling $6,000 for a 3 months period.
</li>
</ol>

- Problem Statement: Extending Armada Labs' appointment as Market Makers for PDEX/USDT on AscendEx.
- Audience: Polkadex on-chain treasury.
- Significance: Ensuring liquidity and market stability for the PDEX/USDT pair on AscendEx.
- Proposed Solution: Requesting $6,000 in PDEX to cover 3 months of market making services.
- Expected Outcomes: Sustained market liquidity and stability for PDEX/USDT pair on AscendEx.

#2397 Armada Labs Treasury Proposal - PDEX on AscendEx