A proposal has been published to authorize the transfer of 30,000,000 LCAI from the Treasury to support exchange liquidity provisioning and approved market-maker activities associated with current and future exchange listing efforts.
The proposal — Authorize Exchange Liquidity Provisioning — would authorize the LCAI DUNA Administrator, Quantum Counsel LLC, to coordinate liquidity arrangements, external market maker onboarding, and related exchange preparation activities required in connection with approved secondary exchange listing efforts.
Any liquidity provisioning, asset conversions, or related allocations would be conducted on an as-needed basis solely for approved exchange liquidity and market-making purposes.
Why it matters:
Many centralized exchanges require external market makers and dedicated liquidity support to help maintain orderly trading conditions, market depth, and operational readiness during onboarding and trading launch. This proposal is intended to provide operational flexibility for approved exchange listing efforts while maintaining DAO oversight over final listing agreements and listing fees.
Importantly, this proposal does not authorize payment of any exchange listing fees or approval of any final listing agreements. Any such agreements or fees would still require separate governance approval.
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