This proposal is related to discussion:&nbsp;
<h2 class=" mb-3 text-lg font-medium leading-7 text-bodyBlue dark:text-blue-dark-high" style="box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-scroll-snap-strictness: proximity; --tw-ring-offset-width: 0px; --tw-ring-offset- --tw-ring- --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; padding: 0px; font-weight: 500 !important; font-size: 1.125rem !important; line-height: 1.75rem !important; --tw-text-opacity: 1 !important; font-family: __Poppins_ed4ad5; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; margin: 0px 0px 0.75rem !important 0px;">#2381&nbsp;Appoint Enflux as Market Makers for iBTC &amp; PHA on Polkadex Orderbook for a duration of 3 months for each pair</h2>
Service breakdown:
&mdash; Provide Liquidity for the IBTC/USDt trading pair on Polkadex (Started: 01/11/2023 &mdash; Ends: 01/05/2024)
<span style="font-family: Poppins, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;">&mdash;<span style="font-family: Poppins, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;"> Provide Liquidity for the PHA/USDt trading pair on Polkadex (Started: 30/11/2023 &mdash; Ends: 01/05/2024) 
<span style="font-family: Poppins, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;">&mdash;&nbsp; Develop a custom hedgin strategy for liquidity provisioning to reduce inventory risk
<span style="font-family: Poppins, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;">&mdash; Continuation of the agreement is based of a discussion with the Polakdex team and an approval from the counsil + treasury proposal
<span style="font-family: Poppins, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;">&mdash; Provide the Polkadex team with Monitoring tools that visualize the liquidity on the exchange
<span style="font-family: Poppins, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background- text-decoration-thickness: initial; text-decoration-style: initial; text-decoration- display: inline !important; float: none;">&mdash; Enflux will act as a strategic partner and the Polakdex team can tap into Enflux's expertise and Network with weekly consulting sessions
Total request amount in USD: 16.5k (based of $1500 per pair per month) Total request amount in PDEX: 12.073.00 (based of a price of 1.366 PDEX/USDT) * * If price at approval of the proposal diverges by more than 5% from 1.366 PDEX/USDT base price. We will submit another proposal to cover the difference in tokens received.&nbsp;
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Problem Statement:
- Lack of liquidity for the IBTC/USDt and PHA/USDt trading pairs on Polkadex.

Significance:
- Providing liquidity for these trading pairs will improve the trading experience and attract more users to Polkadex.

Proposed Solution:
- Appoint Enflux as Market Makers for the IBTC/USDt and PHA/USDt trading pairs on Polkadex for a duration of 3 months each.
- Enflux will provide liquidity, develop a custom hedging strategy, and offer consulting sessions to the Polkadex team.

Expected Outcomes:
- Improved liquidity for the IBTC/USDt and PHA/USDt trading pairs on Polkadex.
- Enhanced trading experience and increased user engagement on the platform.

Appoint Enflux as Market Maker for IBTC and PHA

No Active Proposals