Proposal discussion: Market-Making Initiative from Kronos Research

Updates:

Kronos Research team have been helpful in executing market-making between March 2022 to March 2023. On behalf of the foundation and community, thank you @ANgelaH @benyorke.eth @Neal_Wen !

The 6.8m $FX was returned on Mar-24-2023 to the foundation. Since receiving the returned funds, we have deployed 2.16m till date to CEXes internal market-making team to market-make $FX directly, we should see volume uptick, pending the broad market condition.

At a suitable time, we might re-engage a third party market maker, including possibly Kronos Research.

Thank you.

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