**Proposer:** Armada Labs (wholly-owned subsidiary of CoinAlpha Inc.)
**Contact:** partnerships@armadalabs.io
**Requested amount: **$6,000 (worth in PDEX)

**Short Description:** This submission proposes to extend Armada Labs’ (wholly-owned subsidiary of CoinAlpha Inc.) appointment as Market Makers for ASTR/USDT on Polkadex Orderbook.  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:**
- Polkadex on-chain treasury agrees to enter into a 3 months engagement with Armada Labs’ (wholly-owned subsidiary of CoinAlpha Inc.)  for market making services on Polkadex Orderbook, for the following pair: ASTR/USDT.
- The monthly MM service fee is $2,000/pair, totalling $6,000 for a 3 months period.


- **Problem Statement:** Extend Armada Labs' appointment as Market Makers for ASTR/USDT on Polkadex Orderbook.
- **Audience:** Polkadex on-chain treasury.
- **Significance:** Covering the monthly market making fee for the ASTR/USDT pair.
- **Proposed Solution:** Requesting $6,000 in PDEX for 3 months of market making services.
- **Expected Outcomes:** Continued market making services for ASTR/USDT pair on Polkadex Orderbook.

#2408 Armada Labs Treasury Proposal - ASTR on Polkadex