**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.  T

**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.


The final amount of PDEX requested is dependent on the price at submitting the request. If the price moves by more than 2% downwards between the submission time and the payout time, the difference will be compensated with another request.


- **Problem Statement:** Armada Labs seeks $6,000 in PDEX to continue as Market Makers for PDEX/USDT on AscendEx.
- **Significance:** Ensuring liquidity and market stability for the PDEX/USDT pair on AscendEx.
- **Proposed Solution:** Extend Armada Labs' appointment as Market Makers for PDEX/USDT on AscendEx for 3 months.
- **Expected Outcomes:** Sustained market liquidity and stability for PDEX/USDT pair on AscendEx.

#2442 Armada Labs treasury proposal - Market Making services renewal for PDEX on AscendEx

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