Proposal: Infrastructure - Liquidity Providers (Nov.)

[Ryan Taylor]

This is a cross-post from www.dashcentral.org/p/infra-lqd-pvd-201611

The liquidity provider team supports the network by providing liquidity for mixing on the network. Results for mixing on the network have resulted in dramatically shorter mixing times, which in the past could have taken as long as a few days to complete. This proposal simply extends the liquidity providers program for one additional month, adjusted to the most recent exchange rate.

Requested funding is as follows for the November 4th budget cycle:

• 27.05 Dash ($300 USD @ $11.089 per Dash based on October 16th average rate at https://bitinfocharts.com/comparison/price-dash.html)
• 5.00 Dash reimbursement for the proposal cost

Total: 32.05 Dash

Exchange rate risk is carried only by the liquidity provider team and not the network.

Manually vote YES on this proposal:
dash-cli mnbudget vote-many 41782d104fe8533f539003922d624a886febe91b40a6ef1340a1dbf9cb418965 yes
OR from the qt console:
mnbudget vote-many 41782d104fe8533f539003922d624a886febe91b40a6ef1340a1dbf9cb418965 yes

Manually vote NO on this proposal:
dash-cli mnbudget vote-many 41782d104fe8533f539003922d624a886febe91b40a6ef1340a1dbf9cb418965 no
OR from the qt console:
mnbudget vote-many 41782d104fe8533f539003922d624a886febe91b40a6ef1340a1dbf9cb418965 no

 

[GrandMasterDash]

https://www.reddit.com/r/dashpay/comments/578xir/dark_send_stalled/

 

[Ryan Taylor]

https://www.reddit.com/r/dashpay/comments/578xir/dark_send_stalled/

This is a wallet issue unrelated to the availability of other parties with whom to mix.

 

[t0dd]

Likely a duplicate conversation: https://www.dash.org/forum/threads/masternode-private-send-mixing.14238/#post-121872

 

[Technologov]

I have a question: How will Liquidity providers work ?

The problem nowadays is that there is zero incentive for me (a Masternode owner, sitting on a bunch of Dash coins) to provide liquidity for Dash mixing. I don't get any money for that service. In fact I must pay a mining fees for every mixing transaction. So I get penalized. So I don't.