Market Maker Replacement
AI summary
This proposal seeks to find a new market maker for the Shutter Token (SHU) by issuing a Request for Proposal (RFP). The previous market maker, Artis, concluded its services in December 2024. The DAO believes a new market maker is crucial for the health and value of SHU, especially for listings on top-tier centralized exchanges (CEXs) and coordinated market making activities.
If passed, the Shutter DAO will begin the process of selecting a new market maker, which could lead to improved liquidity and potentially higher visibility for the SHU token on various exchanges. This benefits SHU token holders and the overall Shutter ecosystem by potentially increasing the token's value and accessibility. There are no direct financial allocations in this specific proposal, as it only initiates the search for a market maker.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Shutter DAO 0x36 provided a grant to Artis to provide post-LBP market making services in February 2024:
Shutter Forum: https://shutternetwork.discourse.group/t/provide-a-grant-to-artis-for-post-lbp-market-making-services-for-shu-token-for-six-months/220 - Snapshot: https://snapshot.box/#/s:shutterdao0x36.eth/proposal/0x3a0396a8e018250455d600c31f3e6e26161b8dca9338a6fd477d408503b185a5 Shutter DAO 0x36 concluded its relationship with Artis in late December 2024:
Shutter Forum: https://shutternetwork.discourse.group/t/conclude-grant-to-artis-for-market-making-services/559 - Snapshot: https://sna…