TDP 31 - Pre-Approve MTA for Market Making

After $mUSD was listed on Coinbase last month, it has become apparent that any major CEX listing of mStable assets need also to be accompanied by a market making service to ensure liquidity for that asset on launch day. This is a requirement from the exchanges as a pre-condition to listing on their platforms.

With this in mind, it is proposed to earmark the use of up to 2,000,000 MTA from the TreasuryDAO to serve as a loan to a trusted Market Maker should MTA get listed on a major centralised exchange. The term of this loan would be for a window of service during the first few months of bootstrapping MTA liquidity for that specific CEX.

Links

• RFC: Pre-Approve MTA for Market Making
• Proposal: TDP 31
• Discussion: TDP 31 - Pre-Approve MTA for Market Making

Should the TreasuryDAO earmark the use of up to 2,000,000 MTA to serve as a temporary loan to a trusted Market Maker as specified in TDP 31?