Proposer: CoinAlpha Contact: <a href="mailto:partnerships@coinalpha.com">partnerships@coinalpha.com</a> Requested amount: $6,000 (worth in PDEX) Short Description: This submission proposes to extend CoinAlpha&rsquo;s appointment as Market Makers for PDEX/USDT pair on AscendEx. The requested treasury funds will be used to cover the monthly market making fee for that pair. Duration: The requested funds will cover 2 months of market making services. Program details and logistics: Polkadex on-chain treasury agrees to enter into a 2 months engagement with CoinAlpha for market making services on AscendEx, for the following pair: PDEX/USDT. The monthly MM service fee is $3,000/pair, totalling $6,000 for one pair for a 2 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:** CoinAlpha is requesting $6,000 in PDEX to extend their role as Market Makers for the PDEX/USDT pair on AscendEx.
- **Significance:** The funds will cover 2 months of market making services for the specified pair.
- **Proposed Solution:** Extend CoinAlpha's appointment as Market Makers for PDEX/USDT on AscendEx by covering the monthly market making fee.
- **Expected Outcomes:** Continued market making services for the PDEX/USDT pair on AscendEx for 2 months.

#2460 CoinAlpha Treasury Proposal - PDEX/USDT and AscendEx