Thanks everyone for your feedback. Seeing there is a lot of support for KuCoin, so we added that to the proposal:
[Updated Proposal: Market-Making Initiative from Kronos Research]
Hey guys, based on positive feedback to my thread from a few days ago, thought I would drop in and make a more formal proposal for market-making services. Putting it in this thread since its in the suggestion forum, rather than the one for questions.
Summary: This proposal aims to improve FX liquidity on centralized exchanges. Market makers provide buy/sell orders on either side of the midpoint, allowing users on exchanges to buy, sell, and trade the token more efficiently, giving greater confidence in the asset. In order to provide ample liquidity, Kronos Research is requesting a loan of 6,800,000 FX tokens for a period of 1 year. With this loan, Kronos Research can provide liquidity on Coinbase (FX/USD), Bithumb (FX/KRW), KuCoin (FX/BTC) and Upbit (FX/BTC). Currently the liquidity on these platforms is inconsistent, and we expect, as the terms of this proposal, to increase it by 50%-100% with stable uptimes.
Note: Kronos Research does not attempt to influence market price in either direction.
Kronos Background:
Kronos Research is a proprietary trading firm founded in 2018 that trades on average more than $5b USD per day across global platforms. In DeFi, Kronos Research is a leading designated market-maker on platforms like dYdX, Matcha, and ParaSwap. Kronos Research also incubated and is the sole market maker on WOO Network and WOO X.
Action items:
Vote YES for: Accept the proposal
Vote NO for: Reject the proposal