Governance Action Details
Withdraw ₳3,126,000 for Ecosystem Exchange Listing and Market Making service...
This treasury withdrawal funds Ecosystem Exchange Listing and Market Making service pool which will provide MMAAS (Market Making as a Service):
Proposal Overview
This proposal aims to address two core issues within the Cardano ecosystem:
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Problem 1: No Cardano project currently has a top-tier market maker, with the exception of Snek and Iagon.
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Problem 2: No Cardano Native Token (CNT) is listed on top-tier exchanges such as Binance, Bybit, Okex, Kraken and Coinbase.
Objective
We, at Flowdesk, are committed to solving these problems. Our goal is to act as a trustworthy partner in assisting Cardano Web 3.0 projects by providing essential services such as Market Making as-a-Service (MMAAS) and helping with exchange listings. Through these efforts, we aim to enhance the overall liquidity and market presence of Cardano projects.
This Treasury Withdrawal is submitted by Intersect on behalf of the vendor. The following sections; Abstract, Motivation, Rationale and Vendor Profile have been sourced from the approved proposal submitted by the Vendor as part of the Intersect budget process.
This treasury withdrawal funds one of 39 proposals to give effect to the approved budget info action for ₳275,269,340, administered by Intersect via gov_action1u9x73kwufaxa70lfy59g4ynwyrcsaxdcd0gxzzmh67s9fxq4j8hqqk2phgh. The information provided herein is intended to fulfill the spirit of the constitutional requirement for a treasury withdrawal info action by also providing the details of the proposed solution, alignment to the budget, and amount to be withdrawn from the Cardano Treasury.
Version details
Current Hash:
8ad3d454f3496a35cb0d07b0fd32f687f66338b7d60e787fc0a22939e5d8833e#28
Votes submitted for this Governance Action By:
Legacy Governance Action ID:
8ad3d454f34...e5d8833e#28
Deadline:
42.25 %12 / 30 days(18 days remaining)
Supporting Links
Signed Partnership - Nov 14th 2024 Snek MMAAS
https://x.com/CardanoFeed/status/1857081807109243353Signed Partnership - Dec 9th 2024 Iagon MMAAS
https://x.com/IagonOfficial/status/1866147717564539258Signed Partnership - Dec 14th 2024 DexHunter partnership
https://x.com/DexHunterIO/status/1867923226468233595Project Proposal In Ekklesia
https://2025budget.intersectmbo.org/ballots/680d1b63565577986442d123/proposals/680d1b63565577986442d170Approved Budget Info Action submitted by Intersect via GovTool
https://gov.tools/outcomes/governance_actions/e14de8d9dc4f4ddf3fe9250a8a926e20f10e99b86bd0610b77d7a054981591ee#0Details of all successful proposals (CSV)
ipfs://bafybeicwrop4q7xvnyjdd5drumbe56sqtm5lbe2ul3c262zt4hgguzdycmAutomating Accountability: Cardano's Smart Contract Framework Blog
ipfs://bafybeihqx4ae72z7suqfnxrpqpqithp43cai7o2uuewnqtezgaoyc3ptyqSundae Labs Budget Management Smart Contracts Github Repository
https://github.com/SundaeSwap-finance/treasury-contractsBudget Management Smart Contracts TxPipe Audit Report
ipfs://bafybeiccnwejbgj43wo6hrlseckkkmprtoqc5cfuy2hesm6c6yealwho3eBudget Management Smart Contracts MLabs Audit Report
ipfs://bafybeiah5fnjhda5hemj3qvaehc4mre3qllqzw2l7mkdsguytn4ftgafw4Related documents
Tasks
History
Atualização do status para em progresso
Maria Silva - 19/01/2024Criação da ação de governança
Otávio Lima - 14/01/2024Are You Ready to Participate?
Building Together to Drive Cardano Forward.