Proposal #7
Passed on 03 Jul 2023 with 72.3% of the votes for yes.
Yes
72.3%
99.9% without abstain
Veto
0.0%
of votes cast
Ended
03 Jul 2023
72.35%
of votes cast
27.58%
of votes cast
0.07%
of votes cast
0.00%
of votes cast
Efficient Frontier, a cryptocurrency algorithmic trading and market-making firm, proposes a market-making agreement to the KYVE community. The proposal involves KYVE Foundation loaning $1,225,000 worth of KYVE and $125,000 worth of USDC to Efficient Frontier for market-making purposes. The total KYVE transferred will be determined by the prices at the time of token delivery, and Efficient Frontier commits to making markets on CeFi exchanges and the Osmosis DEX. The loaned amount will either be returned at the end of the market-making period or purchased at pre-determined strike prices. The intention is to provide ample liquidity for the KYVE ecosystem, facilitating efficient trading on both centralized and decentralized exchanges.