***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 PDEX/USDT on AscendEx.  The requested treasury funds will be used to cover the monthly market making fee for this pair.

***Start date**: 06/01/2024

***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 AscendEx, for the following pair: PDEX/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 PDEX/USDT on AscendEx.
- **Significance:** Cover monthly market making fee for the pair.
- **Proposed Solution:** Requesting $6,000 in PDEX for 3 months of market making services.
- **Expected Outcomes:** Continued market making services on AscendEx for PDEX/USDT pair.

#2417 Armada Labs Treasury Proposal - PDEX on Polkadex