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RE: A Discussion about SPS, Exchanges and Market Makers

in #sps • last year (edited)

I'm personally for 2 options in present time:

  1. Do nothing - stop sinking money into these small exchanges during current market sentiment whilst we heal our own ecosystem

  2. Hire Flowdesk (or another transparent) as MM Subscription - IF we'd like to maintain a couple or all CEXs - we should only support the MM that respects our DAO, support for decentralization, immutability, transparency, & acknowledges US/DAO with said treatment.

Thank you for this post @clayboyn

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    For what it's worth Flowdesk isn't the cheapest, but they aren't really out of line from what I've seen. It really all depends on the company... there's some sketchy companies out there that pull the "street vendor" tactic a lot... throw out high numbers and chase you screaming lower prices as you walk away. That said I agree transparency is key for the DAO imo. If we can't get transparency on the exchange side, we should 100% have it on the MM side if we're going to hire one. I'm pretty neutral on what we do at this point, but in generally I'm quite fiscally conservative.