Proposer: Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) Contact: <a href="mailto:partnerships@flowgenix.xyz">partnerships@flowgenix.xyz</a> Requested amount: $6,000 (worth in PDEX) Short Description: This submission proposes to extend Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) appointment as Market Makers for ASTR/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. Start date: October 1st, 2024. Program details and logistics: Polkadex on-chain treasury agrees to enter into a 3-month engagement with Flowgenix Ltd (wholly-owned subsidiary of CoinAlpha Inc.) for market making services on PolkaDex, for the following pair: ASTR/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.

Proposer: Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) Contact: <a href="mailto:partnerships@flowgenix.xyz">partnerships@flowgenix.xyz</a> Requested amount: $5,500 (worth in PDEX) Short Description: This submission proposes to extend Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) appointment as Market Makers for ASTR/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 2 1/2 months of market making services. Start date: October 1st, 2024. End date: December 15th, 2024. Program details and logistics: Polkadex on-chain treasury agrees to enter into a&nbsp;two-and-a-half-month engagement with Flowgenix Ltd (wholly-owned subsidiary of CoinAlpha Inc.) for market making services on PolkaDex, for the following pair: ASTR/USDT. The monthly MM service fee is $2,000/pair, totalling $5,500 for a 2.5 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.

Flowgenix treasury proposal - Market Making services for ASTR on Polkadex

Proposer: Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) Contact: <a href="mailto:partnerships@flowgenix.xyz">partnerships@flowgenix.xyz</a> Requested amount: $6,000 (worth in PDEX) Short Description: This submission proposes to extend Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) appointment as Market Makers for ASTR/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. Start date: October 1st, 2024. Program details and logistics: Polkadex on-chain treasury agrees to enter into a 3 months engagement with Flowgenix Ltd. (wholly-owned subsidiary of CoinAlpha Inc.) for market making services on PolkaDex, for the following pair: ASTR/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: Extending Flowgenix Ltd.'s appointment as Market Makers for ASTR/USDT on AscendEx.
- Significance: Covering the monthly market making fee for the pair to enhance liquidity.
- Proposed Solution: Requesting $6,000 in PDEX to fund 3 months of market making services starting from October 1st, 2024.
- Expected Outcomes: Improved liquidity for ASTR/USDT pair on AscendEx through market making services.

#2448 Flowgenix treasury proposal - Market Making services for ASTR on Polkadex

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