This proposal is an update to the previous October 24th proposal and covers the fees and loans required to facilitate market making activity and to onboard additional market makers.
Additional potential future exchange listings will be covered in subsequent proposals as required.
Overview
In order to improve liquidity of the FLT utility token, the DAO is asked to support market marketing activity and to engage market makers. To facilitate the execution of these services, the DAO is asked to delegate the hiring and management of market makers to the DAO governance committee.
Terms
For the duration of 12 months, the DAO is asked to approve:
- A maximum spend of up to USDC 15,000 per month
- A maximum loan size of 2 million FLT tokens
- A maximum loan of $750,000 USDT or similar value token such as ETH
The above spending and loans are for the market making activities, and the DAO is asked to delegate the decision making and execution of these matters to the governance committee for a maximum period of twelve months.
The executive committee will update the community as it successfully onboards providers.