Proposal “liquidity-v3“ (Closed)Back
| Title: | Liquidity Providers v3 |
| Owner: | babygiraffe |
| One-time payment: | 41 DASH (1214 USD) |
| Completed payments: | 1 totaling in 41 DASH (0 month remaining) |
| Payment start/end: | 2016-07-06 / 2016-08-20 (added on 2016-06-17) |
| Final voting deadline: | in passed |
| Votes: | 817 Yes / 129 No / 0 Abstain |
| External information: | www.dashwhale.org/p/liquidity-v3 |
Proposal description
This is a cross post from Dash Forum
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:
Exchange rate risk is carried only by the liquidity provider team and not the network.
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:
- 35.59 Dash ($300 USD @ $8.429 per June 16th average rate at https://bitinfocharts.com/comparison/price-dash.html)
- 5.00 Dash reimbursement for the proposal cost
Exchange rate risk is carried only by the liquidity provider team and not the network.
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Discussion: Should we fund this proposal?
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