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.
The previous Liquidity Providers proposal only requested funding for May and June, since at the time it was submitted (April) we were assuming we might have converted to 12.1 before the July budget cycle. This proposal simply extends Liquidity providers for one additional month until 12.1 is released.
Requested funding is as follows for the July 6th budget cycle: