Proposal 10 - Engage Efficient Frontier as CEX Market Maker

Over the past few months, Fodl team has been in listing discussions with additional Centralized Exchanges to promote further liquidity for FODL token. One of the primary issued to be addressed here is the lack of CEX liquidity and depth, and in order for Tier 1 exchanges to consider FODL, it has been suggested to the team to work with a well respected market maker.

After reviewing our options, we have struck an agreement with Efficient Frontier based in Israel, whose cap table boasts both FTX & Gate.io, and whose reputation speaks for itself.

The agreement is as follows:

• 10M FODL tokens loaned to EF with a 12 month maturity for use in market making activities on Gate.io, OKx, and other centralized exchanges EF is integrated with as FODL gets listed

• At maturity date, of the 10M FODL tokens EF may elect to purchase up to 7.15M of the FODL loaned at a strike price of $0.23. The remaining 2.85M FODL must be repaid

The Fodl team would present to the DAO for approval the following proposal:

• 10M FODL token loaned to EF under this agreement come from the Team token allocation which begins unlocking late April, 2022.

• 10M FODL from Time-Locked Team address: https://etherscan.io/address/0x07778633df5a0700280e8fb13f2ae7dbe330732d will therefore have an additional "12 month cliff", reducing total unlocks coming over the next year.

The FODL team encourages the FODL DAO to vote Yes on this proposal.