Proposal “infra-lqd-pvd-201610“ (Closed)Back

Title:Infrastructure - Liquidity Providers (Oct)
Owner:babygiraffe
One-time payment: 29 DASH (7993 USD)
Completed payments: 1 totaling in 29 DASH (0 month remaining)
Payment start/end: 2016-10-05 / 2016-11-19 (added on 2016-09-16)
Final voting deadline: in passed
Votes: 772 Yes / 78 No / 0 Abstain

Proposal description

This is a cross-post from the Dash Forum

This is a cross-post from www.dashcentral.org/p/infra-lqd-pvd-201610

The liquidity provider team supports the network by providing liquidity for mixing on the network. Results for mixing on the network have resulted in dramatically shorter mixing times, which in the past could have taken as long as a few days to complete. This proposal simply extends the liquidity providers program for one additional month. See previous Liquidity Provider proposals for additional details on this program.

Requested funding is as follows for the October 5th budget cycle:
Total: 28.92 Dash

Exchange rate risk is carried only by the liquidity provider team and not the network.

Show full description ...

Discussion: Should we fund this proposal?

Submit comment
 
0 points,11 months ago
What is this?
Reply
0 points,11 months ago
PrivateSend requires people to mix with. Right now, there are not a lot of people who are doing that, so this proposal makes sure there is. Once Evolution is released, this won't be needed, because PrivateSend will be on by default, and therefore there will be many people to mix with. So, it is a temporary solution. It has been going on for months, and I have not heard any negative feedback - only positive - so I assume it is working well.
Reply
0 points,11 months ago
are you sure it will be by default ? i know that it cost money to mix, and the funds are not completly available during mixing as much as i know... correct me if i am wrong...
Reply