# Market Maker Replacement! **URL:** \ **Category:** SD 0x36 Proposals\ **Created:** [January 10, 2025, 2:00pm UTC](https://shutternetwork.discourse.group/t/market-maker-replacement/582 "2025-01-10T14:00:22Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![franklivid](https://avatars.discourse-cdn.com/v4/letter/f/48db29/32.png) [@franklivid](https://shutternetwork.discourse.group/u/franklivid)\ **Post date:** [January 10, 2025, 2:00pm UTC](https://shutternetwork.discourse.group/t/market-maker-replacement/582/1 "2025-01-10T14:00:22Z")
## Background 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](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](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](https://shutternetwork.discourse.group/t/conclude-grant-to-artis-for-market-making-services/559)- Snapshot: [https://snapshot.box/#/s:shutterdao0x36.eth/proposal/0x63571e343cddc8fc6c11228e7fb7aeef77e7cd211fa482d5107d5413d6c213b9](https://snapshot.box/#/s:shutterdao0x36.eth/proposal/0x63571e343cddc8fc6c11228e7fb7aeef77e7cd211fa482d5107d5413d6c213b9) ## Rationale A savvy and reliable market maker plays a critical role in ensuring the health and value of governance tokens, including the Shutter Token (SHU). Shutter Token (SHU) is currently available for trading on decentralized exchanges (DEXs) on Ethereum Mainnet and Gnosis Chain, and on a few minor centralized exchanges (CEXs) which have listed SHU from their own initiative. Shutter Token (SHU) would benefit from listing(s) on top- and mid-tier centralized exchanges (CEXs) and market making activity on those CEXs. It would particularly benefit from market making activity which is coordinated with Shutter protocol launches and major announcements, and large movements in the broader crypto market. By issuing an RFP, Shutter DAO 0x36 can attract competitive and qualified candidates who align with our values and technical requirements. This initiative will provide a transparent and efficient process to identify and engage a partner that can bolster Shutter Token (SHU)’s distribution and market performance. ## Criteria Market makers proposals must include: 1. Overview: A brief introduction to the individual or organization submitting the proposal, including relevant experience and qualifications. 2. Technical Capabilities: Details about the tools, technologies, and algorithms to be deployed for market making activities. 3. Liquidity Commitments: A description of liquidity provision strategies, including expected depth and spreads. 4. Risk Management: An outline of risk management practices. 5. Reporting: Details about reports, and reporting frequency. 6. Fee Structure: A transparent breakdown of the proposed compensation model. 7. Alignment with Shutter DAO 0x36: Evidence of alignment with Shutter’s mission, values, and decentralized ethos. In addition, willingness to work for a true, decentralized DAO, which requires specific knowledge and capabilities. 8. References: At least two references from relevant previous engagements. ## Instructions Market makers must submit proposals as follows: 1. Submit a proposal as a post on the Shutter Forum [DAO Proposals category](https://shutternetwork.discourse.group/c/shutter-dao/dao-proposals/15) with the title: “Market Maker RFP Submission - [Your Name/Organization].” 2. Include contact information. 3. Proposals will be accepted until end-of-day 7 February 2025. Late submissions will not be considered. ## Evaluation Shutter DAO 0x36 will evaluate the Market maker proposals as follows: 1. Shutter DAO 0x36 members will be able to comment on and ask questions regarding proposals in the Shutter Forum (now to 2 March 2025). 2. Shutter DAO 0x36 will host one or more Governance Calls, giving all Market Makers the opportunity to pitch their proposal to and answer questions from Shutter DAO 0x36 members (likely the week of 10-14 February 2025). 3. Shutter DAO 0x36 will consider a proposal to select one (or none) of the proposals via a Snapshot vote (voting likely the week of 24 February - 2 March 2025). ## Platform Snapshot (If passed, this proposal will not trigger an on-chain transaction.) Voting Options Vote “FOR” to if support Initiating a Request for Proposals (RFP) aimed at selecting a new market maker OR Vote “AGAINST” if you do not support this proposal OR Vote “ABSTAIN” if you do not have an opinion but want to help the vote reach quorum ---
**Author:** ![luis\_bb](https://avatars.discourse-cdn.com/v4/letter/l/87869e/32.png) [@luis\_bb](https://shutternetwork.discourse.group/u/luis_bb)\ **Post date:** [February 13, 2025, 12:45pm UTC](https://shutternetwork.discourse.group/t/market-maker-replacement/582/2 "2025-02-13T12:45:23Z")
The DAO has this active RFP to incentivize a new market maker: [https://snapshot.box/#/s:shutterdao0x36.eth/proposal/0x29bfd1df739cb8bdaa8a1575a522b40eda6768e93de0397a6a5ab58b0b0f6099](https://snapshot.box/#/s:shutterdao0x36.eth/proposal/0x29bfd1df739cb8bdaa8a1575a522b40eda6768e93de0397a6a5ab58b0b0f6099) There are 3 market makers who have made proposals in the forum: > [@Market Maker RFP Submission - \[Peter/H20\]](https://shutternetwork.discourse.group/t/market-maker-rfp-submission-peter-h20/585): > > ShutterDAO Market Maker Application H20 Contact: peter@h20.finance Overview: A brief introduction to the individual or organization submitting the proposal, including relevant experience and qualifications. H20 provides 100% on-chain market-making and trading strategies powered by Raindex. H20 strategies are dynamic on-chain limit orders that can execute perpetually until withdrawn. Each strategy is like a mini DEX with its own custom curve. Tokens never leave your control. Only your projec… > [@Market Maker RFP Submission - Mikael Olofsson / Daler Trading](https://shutternetwork.discourse.group/t/market-maker-rfp-submission-mikael-olofsson-daler-trading/618): > > MO ( CET time zone ), [3 Feb 2025 at 13:55:34]: Market-Making Proposal for Shutter DAO by Daler Trading Daler Trading is a well-established market maker with deep experience in both traditional finance and digital assets, specializing in spot and derivatives markets across CEX and DeFi platforms. Our core mission is to enhance liquidity and drive sustained growth within the digital asset ecosystem. We are submitting this proposal to Shutter DAO with the objective of providing comprehensive ma… > [@Market Making RFP Submission - \[JLH Ventures\]](https://shutternetwork.discourse.group/t/market-making-rfp-submission-jlh-ventures/612/2): > > Edited section 8. & 10. Would be awesome if people here would look at these submissions and provide feedback! Also, **who would be interested in taking part in 1:1 calls with the market makers to ask questions? If interested, dm me your e-mail address** to add to the calls. We could then try to set that up. Thank you!