TechFlow news, the Stargate community has proposed hiring GSR as the market maker for STG on centralized exchanges. The proposal was initiated after multiple exchanges contacted the Stargate Foundation regarding liquidity issues of Stargate on centralized exchanges, and warned that if Stargate DAO does not appoint a market maker, STG may be delisted or lose priority status in the future.
According to reports, Stargate will provide GSR with European-style options for 8 million STG tokens, exercisable if the average price of STG exceeds $1.15 after 24 months. Stargate stated that, to protect the market, it will not disclose specific price requirements. Source link
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