### Primary reason for putting up the above proposal

1. The current depth and spread of the market for PDEX in centralised exchanges is not sufficient. 2. The team needs to unlock the unused market making capital ( in USDT) in the centralised exchanges - to be utilised for project development and growth initiative, in light of uncertain market conditions. 
3. The project needs to have a long term market making partnership with a reputed market maker in order to support its exchange launch coming up later this year. 
To accomplish this, after several weeks of negotiations with top 5 market makers in the crypto industry, the team has finalised a loan agreement with GSR, a Tier1 market maker. The partnership announcement will be made in public when the activity begins. 

### Conditions of the loan are as given below 

1. 500,000 PDEX or its equivalent value at a mutually agreed strike price will be returned to the treasury in one year from the date of commencement. 
2. In return, the market maker will carry out MM activities for PDEX on one or more exchanges on which the market maker is integrated.


The proposal aims to develop the KILT Decentralized Identity Provider (DIP), offering an OpenID-like authentication flow for Web3. It enables cross-chain identity establishment by using on-chain and off-chain mechanisms. Led by BOTLabs GmbH, seeks to reduce centralization in identity management while providing users control over their data. Key components include pallets for identity providers and relying parties, along with support crates for chain runtimes. The proposal outlines milestones for development, testing, and deployment, highlighting the need for ongoing maintenance and future enhancements

Technical support on Github and in #polkascan:matrix.org and substrate.stackexchange.com channels.

Add support for runtime calls at other blocks than the most recent #346.

Upgrade contract interface to support WeightV2 #337.

Added SCALE type definitions for upcoming MetadataV15 in Substrate.

Implemented new Polkascan Explorer and Subsquid extensions to the py-substrate-interface extension framework.

Added multiple params as key support for query_map().

New runtime interface: more intuitive approach to interface with the runtime functionality.

Updated metadata docs for Polkadot & Kusama parachain and stand-alone runtimes.

Added support for ink! v4

- The team wants to improve the market for PDEX in centralized exchanges.
- They need to use unused capital for project development and growth.
- They want to partner with a reputable market maker for long-term support.
- They have finalized a loan agreement with GSR.
- The loan will be repaid with 500,000 PDEX or its equivalent value in one year.

Market Making Activity For 1 Year

No Active Proposals