Setup Market Making Entity

tl;dr

At a high level this proposal is to setup a market making entity to significantly increase trading volume on Perp. It will unlock 20M PERP that will be used to borrow stablecoins as well as market make on Perp.

We propose the following mandate for this entity:

• Minimum of 5M liquidity for each market (this is in total, allowing for flexibility of the entity to move capital around)
• Market make on all new markets listed by the token listing DAO
• Aim to not sell PERP (unless significant draw down where it may need to cover losses)

With a significantly larger war chest the market making entity is expected to significantly boost trading volumes on Perp.

Note: This entity is not optimising for profitability but rather creating deep liquidity to improve the experience for traders.

For further details please see: https://gov.perp.fi/t/proposal-market-making-entity/634?u=tongnk

Voting:

• Yes, setup the entity
• No, don't setup the entity