**Proponent:** CoinAlpha

**Date: **05/24/2023

**Requested allocation: ** $52,500 (worth in PDEX)

**Proposal Summary: ** Appoint CoinAlpha as Market Makers for PDEX token on both AscendEx and Polkadex, and have them update the Hummingbot client Polkadex connector

**Short Description:** 
This submission proposes to appoint CoinAlpha as Market Makers for PDEX token on both AscendEx and Polkadex, and to have them modify the Hummingbot client Polkadex connector, so that it meets the Hummingbot Foundation standards, allowing it to be merged into the open source codebase. The requested treasury funds will be used to cover both the monthly market making fee, the one time dev work to update the connector and a monthly fee for CoinAlpha to maintain it.

**Duration:** 
The requested funds will cover 6 months of market making services and connector maintenance fee. As for the development of the connector, it will be ready 1 month after receiving the funds, although the actual release into the open source codebase will depend on the Foundation’s release cycle.

**Program details and logistics: **

A. CoinAlphawill upgrade their internal Polkadex connector to production quality to enable them to provide market making services on Polkadex;
B. Polkadex agrees to enter into a 6 months contract with CoinAlpha for market making services on both AscendEx and Polkadex, for the PDEX token (one trading pair on each exchange);
C. CoinAlpha will modify the Polkadex connector build in item (A) to meet the submission standard of the Hummingbot Foundation, allowing the connector to go into the open source codebase and be available to the 20K+ Hummingbot users worldwide;
D. Once the Polkadex connector becomes available on the Hummingbot open source repository, CoinAlpha will be the official maintainer of the connector for a period of 6 months


Appoint CoinAlpha as Market Makers for PDEX token on both AscendEx and Polkadex + update Hummingbot open source connector

Proponent: CoinAlpha

**Date: ** 11/30/2023

**Requested allocation: ** $12,000 (worth in PDEX)

**Proposal Summary: ** Extend CoinAlpha's appointment as Market Maker for PDEX/USDT on PolkaDEX and AscendEx

Short Description: This submission proposes to extend CoinAlpha’s appointment as Market Makers for pairs on Polkadex Orderbook and AscendEx. The requested treasury funds will be used to cover the monthly market making fee for these two pairs.

Duration: The requested funds will cover 3 months of market making services

**Program details and logistics: **

A. Polkadex on-chain treasury agrees to enter into a 3 months engagement with CoinAlpha for market making services on Polkadex orderbook and AscendEx, for the following pair: PDEX/USDT.

B. The monthly MM service fee will be $2,000/pair, totaling $12,000 for both pairs for a 3 months period.


Extend CoinAlpha's appointment as Market Maker for PDEX/USDT on PolkaDEX and AscendEx

**Proposer:** CoinAlpha Inc.

**Contact:** partnerships@coinalpha.com

**Requested amount:** $16,000 (worth in PDEX)

**Short Description:**  This submission proposes to run a campaign on [Hummingbot Miner platform](miner.hummingbot.io), in order to improve organic liquidity and trading activity on KuCoin for PDEX/USDT. The requested treasury funds will be used to cover the platform fees and reward pool to be distributed among users.

**Duration:** The requested funds will cover a 2 months Miner campaign.

**Program details and logistics:**

1. Polkadex on-chain treasury agrees to enter into a 2 months engagement with CoinAlpha, to run a Hummingbot Miner campaign for PDEX/USDT on KuCoin.
2. $12,000 worth of PDEX will be distributed as rewards to participants. In addition, CoinAlpha will provide a 5,000 HBOT weekly top-up.
3. $4,000 worth of PDEX will be used to pay the platform fees for Hummingbot Miner, including gas fees incurred when paying out rewards to participants.


CoinAlpha Treasury Proposal - PDEX/USDT Miner campaign on KuCoin

**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 ASTR/USDT on Polkadex Orderbook.  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.

**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 Polkadex Orderbook, for the following pair: ASTR/USDT.
- The monthly MM service fee is $2,000/pair, totalling $6,000 for a 3 months period.


Armada Labs Treasury Proposal - ASTR on Polkadex

**Proposer:** CoinAlpha Inc.

**Contact:** partnerships@coinalpha.com

**Requested amount:**    $16,000 (worth in PDEX)

**Short Description:**
This submission proposes to run a campaign on Hummingbot Miner platform, in order to improve organic liquidity and trading activity on KuCoin for PDEX/USDT. The requested treasury funds will be used to cover the platform fees and reward pool to be distributed among users.

**Duration:** The requested funds will cover 3 months.

**Program details and logistics:**
Polkadex on-chain treasury agrees to enter into a 3 months engagement with CoinAlpha, to run a Hummingbot Miner campaign for PDEX/USDT on KuCoin.
$10,000 worth of PDEX will be distributed as rewards to participants. 
$6,000 worth of PDEX will be used to pay the platform fees for Hummingbot Miner, including gas fees incurred when paying out rewards to participants.


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



Hummingbot Miner Campaign for PDEX/USDT on KuCoin

**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 ASTR/USDT on PolkaDEX.  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.

**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 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 price moves by more than 2% downwards between the submission time and the payout time, the difference will compensated with another request.


Armada Labs Treasury Proposal - Market Making service renewal  for ASTR/USDT on Polkadex

**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.


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

**Proposer:** Armada Labs (wholly-owned subsidiary of CoinAlpha Inc.)

**Contact:** partnerships@armadalabs.io

**Requested amount:** $2,400 (worth in PDEX)

**Short Description:** The requested treasury funds will be used to cover pending market making fees from the previous ASTR/USDT proposal.

**Program detail and logistics**
Treasury proposal #54 requested $6,000 worth of PDEX to cover Armada Labs' market making fees for ASTR/USDT on PolkaDEX. However, due to significant price fluctuations between the proposal passing and receiving the funds, resulted in the final amount being $2,400 short. We are submitting this proposal to compensate that difference.

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.


Armada Labs Trasury Proposal - ASTR/USDT pending market making fees

**Proposer:** CoinAlpha

**Contact:** partnerships@coinalpha.com

**Requested amount:** $800 (worth in PDEX)

**Short description:** The requested treasury funds will be used to cover pending Hummingbot Miner fees from current Kucoin/Gate campaign for PDEX/USDT, plus to replace $300 worth of PDEX rewards on ETH (burned, since we couldn't pay them out to users).

**Program details and logistics:**
Treasury proposal #52 requested funds to launch a campaign on Hummingbot Miner platform. However, due to significant price fluctuations the final amount was less than needed to cover the platform fees. In addition to this, we had $300 worth of PDEX on an ethereum wallet, this were to be used as part of the rewards sent to participating users, but needed to be burned, since KuCoin delisted PDEX and Gate doesn't support PDEX on Ethereum.

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.