@everyone Hello Kaspers,. As announced, the funding pool for the market maker has been filled.
02 Sep 2022, 14:29
@everyone Hello Kaspers,
As announced, the funding pool for the market maker has been filled!
We're getting closer and closer towards a successful listing on the high-tier exchange - however there is one last step to go.
The final hurdle is this - we need a liquidity fund of 50k$ for the market maker to perform their function.
To prevent potential volatility we decided to collect $USDT only. We will exchange 50% of the funds to KAS right before the listing as the market maker needs 25k USDT and 25k$ worth of KAS.
The duration for the market making service is 1 month. During that time the funds are locked and can't be withdrawn. After that month the funds will be unlocked. Once that happens, the service will sell the $KAS position on that account and return the USDT proportional values to the liquidity providers.
Although Skynet Trading is a professional market maker, they won't take responsibility if anything goes wrong. Similarly, the Kaspa project, developers, advisors and operations team assume zero liability – therefore it is imperative to understand that the liquidity providers take full risk of lending their funds.
In the event that Skynet is able to create a treasury and there are some profits, the liquidity providers will receive the profits proportional to their loaned share. If this profit scenario comes to fruition liquidity providers may also elect to donate the profit portion to the dev fund or future listing pool endeavors.
In the event that the market makers efforts result in negative returns, the liquidity providers will share the losses proportionally.
If you agree to these conditions and you want to provide liquidity ($5000 min), please send an email to: freshman@kaspa.org