Request for Proposals: Market Making

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Context

A few weeks ago, we had a topic on this governance forum to gauge the community’s thoughts on hiring/partnering with a professional market maker.

That post brings essential context to the present one so please read it (as well as all the discussion that took place) at: — Market makers and CEX Listings —

The 4 option sentiment check closed with 57% of votes for:

Request for Proposals (RFP):

This thread is for professional market makers to propose specific terms and structures for working with Lido, and for the community to debate them.

Taking into consideration the discussion on this that happened in the previous post, we’ll list below a few topics/directions that have been brought up before. It would be very helpful if information about them could be included in the proposals.

  1. Proposed deal terms for market making LDO
    1.1. All relevant parameters. (Possibly: treasury loan, embedded call options, length.)

  2. Assurances
    2.1. Firm’s background/reputation, contract how-to, etc.

  3. Case studies
    3.1. Previous examples of successfully working with projects/DAOs on this.

  4. CEX listings
    4.1. Can the firm assist with listings as well? How? Any relevant examples, etc.

  5. Success KPIs
    5.1. What would the success of this deal/partnership look like?

As community members, we invite all market makers to put forth proposals and everyone to discuss, question and debate them.

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Thanks for all ur doing,i’d like to know how it works for ldo’s price?

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Thanks for putting this together @carvas. If any of the community is able to help broadcasting the message it would be helpful.

A small ask is to include other Lido st-assets as well in the RFP or multiple proposals if needed, one for each asset.

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found it great that case studies were mentioned as something to include by proposals, @carvas.

it would prob be helpful to have members of other DAOs that have already gone through similar processes commenting here throughout it or just sharing exps.

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I can try to get info from folks at Olympus regarding how the process has gone for them. Can also try to figure out best way to broadcast to market makers.

From past posts here, sounds like there’s been at least some communication between Lido and Olympus on other topics, so whoever here has a good contact at Olympus may be more effective in their efforts than me.

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