Status of proposals under development

[zaccheah]

I applaud your effort in being the “accounting / reporting” person, we need someone to audit ourselves, for our greater good

Update on 6.8m $FX related to market-making

Proposal discussion: Market-Making Initiative from Kronos Research

Updates: Kronos Research team have been helpful in executing market-making between March 2022 to March 2023. On behalf of the foundation and community, thank you @ANgelaH @benyorke.eth @Neal_Wen ! The 6.8m $FX was returned on Mar-24-2023 to the foundation. Since receiving the returned funds, we have deployed 2.16m till date to CEXes internal market-making team to market-make $FX directly, we should see volume uptick, pending the broad market condition. At a suitable time, we might re-engage …

Update on 5m $FX related to liquidity incentives

Incentives for Liquidity Provider on FXSwap

Update: In October 2022, the foundation proposed 5m $FX to incentivize liquidity providers on FXSwap. We have since passed the proposal and deployed 3m $FX into the incentive contract. The remaining 2m $FX will also be deployed at a not-to-distant date. 83,092 FX to address then to contract 0x9b5df422e09b0b310d8cd55c8fd01c4689f14c0e4aed878172bb0fccae80fea1 356,910 WFX to contract 0xc027414f5e3d2265c1faab68ee336acc1be5af41115a67b4e2dc04e5ba55f07f 0x4607b2b43ab707e1b288a86189b6f52d3e045df8b…

I’ll definitely check back this page at a later date, say in a week or two.

Cheers!