# Allocate 7m OSMO to the OGP Multisig to Fund Market Making Operations for 12 Months **URL:** \ **Category:** Proposal Discussion\ **Tags:** passed\ **Created:** [December 27, 2023, 5:08pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085 "2023-12-27T17:08:31Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![JohnnyWyles](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/johnnywyles/32/3114_2.png) [@JohnnyWyles](https://forum.osmosis.zone/u/JohnnyWyles)\ **Post date:** [January 8, 2024, 10:12am UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/22 "2024-01-08T10:12:47Z")
There are also a couple of CEX-run validator nodes already. Using this to increase their stake would undermine the purpose of a market-making proposal since it then wouldn’t be liquid and able to fulfill its purpose. Therefore this wouldn’t increase CEX validator’s stake directly. I’m generally in favour of this since we keep seeing huge price discrepancies across exchanges, especially when deposits are closed for some reason. Also not a fan of the information not being public, but this does seem to be very much a standard when it comes to dealing with Market Makers so can’t be helped. ---
**Author:** ![RoboMcGobo](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/robomcgobo/32/633_2.png) [@RoboMcGobo](https://forum.osmosis.zone/u/RoboMcGobo)\ **Post date:** [January 8, 2024, 12:19pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/23 "2024-01-08T12:19:46Z")
Hi! There is no direct relation between this proposal and CEXs running validators. MMs would not be able to stake the OSMO they use for market making, nor could any CEX use the OSMO for that purpose without the account holders’ permission. Thanks for this question! ---
**Author:** ![RealVovochka](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/realvovochka/32/1021_2.png) [@RealVovochka](https://forum.osmosis.zone/u/RealVovochka)\ **Post date:** [January 8, 2024, 9:15pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/24 "2024-01-08T21:15:01Z")
Quite new to cosmos governance. Can someone explain why this proposal failed? ---
**Author:** ![RoboMcGobo](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/robomcgobo/32/633_2.png) [@RoboMcGobo](https://forum.osmosis.zone/u/RoboMcGobo)\ **Post date:** [January 8, 2024, 9:44pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/25 "2024-01-08T21:44:50Z")
Hey everyone! A bit of an update on this proposal. Due to an issue related to the SDK 47 migration, these proposals were submitted incorrectly and have failed to execute despite passing governance. [https://x.com/OsmosisGrants/status/1744462913463615793?s=20](https://x.com/OsmosisGrants/status/1744462913463615793?s=20) Osmosis grants will be resubmitting both 706 and 707 shortly, and would ask that voters please vote again. Sorry for the inconvenience here. We appreciate everyone who came out to vote on the proposals thus far. > [@RealVovochka](#): > > Quite new to cosmos governance. Can someone explain why this proposal failed? @RealVovochka in essence, Osmosis recently migrated to a newer version of the Cosmos SDK, which made some significant changes to the governance module. Proposal submission UIs had not yet updated to reflect those changes, so a few proposals that were submitted shortly after the upgrade and submitted from those UIs were incorrectly formatted, resulting in the proposals failing to execute. ---
**Author:** ![POSTHUMAN](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/posthuman/32/1545_2.png) [@POSTHUMAN](https://forum.osmosis.zone/u/POSTHUMAN)\ **Post date:** [January 9, 2024, 2:41pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/26 "2024-01-09T14:41:37Z")
This is our chance to prevent centralization! Proposal #707 in Osmosis is faild, and the Universe tell you: Vote NO on Proposal #712 - protect your network from centralization! Check this video: How Binance use your ATOMs to validate Cosmos [![](https://us1.discourse-cdn.com/flex020/uploads/osmosis1/original/2X/a/aab77e79b0fe0a6cd446414d311d42c1947f6be9.jpeg "How Binance use your ATOMs to validate Cosmos. The same will be in Osmosis! Vote NO on Proposal #707") ](https://www.youtube.com/watch?v=Cq0I9Np7Mrc) the same will be with OSMO! We don’t need to support CEX-trading! We need to spend community pool to develop our own DEX! ---
**Author:** ![tuchki](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/tuchki/32/1558_2.png) [@tuchki](https://forum.osmosis.zone/u/tuchki)\ **Post date:** [January 9, 2024, 4:40pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/27 "2024-01-09T16:40:26Z")
Imagine we are dumb. Please eli5 (and for those who don’t understand mming) what are the benefits/costs for osmo stakeholders not knowing key conditions of market-making agreement between osmo and MM. So far I can understand why MMs want it, because this way they can hide from their competitors their fees etc, but I don’t understand what the point of secrecy for the osmo stakes to tell publicly the amount of fees for the market-making, market-makers liabilities, making sure that mm won’t abuse the funds for mm etc. Please do not use reference that everyone does it, tell the reasons why it’s done this way. ---
**Author:** ![Winfred](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/winfred/32/3074_2.png) [@Winfred](https://forum.osmosis.zone/u/Winfred)\ **Post date:** [January 9, 2024, 4:58pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/28 "2024-01-09T16:58:56Z")
Hi, I thought I was clear: > [@Winfred](#): > > Why would you announce to the public (which includes your competitors) who is making your markets? That could create some vulnerabilities. And here: > [@Winfred](#): > > Trust me, I’m really not a fan of this either ( 😂) as I believe in transparency, but for this particular situation, transparency could compromise Osmosis ---
**Author:** ![kopeboy](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/kopeboy/32/745_2.png) [@kopeboy](https://forum.osmosis.zone/u/kopeboy)\ **Post date:** [January 9, 2024, 5:33pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/29 "2024-01-09T17:33:38Z")
I don’t think whales are this stupid and have fat fingers. What about glitches in the CENTRALIZED exchange? Also, how can we monitor the performance of the market makers, since their orders are not public (when on a CEX)? And lastly, how much is the commission!? I see the proposal just went on-chain without this crucial info given to us! Big red flag for me, voting NO. Edit: from what we know the “market makers” could dump all the OSMO to buy it back later (lower) and even get paid for their “service”! Who are they? We need to know for sure. Please don’t allow another shady collapse like LUNA guys… ---
**Author:** ![Winfred](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/winfred/32/3074_2.png) [@Winfred](https://forum.osmosis.zone/u/Winfred)\ **Post date:** [January 9, 2024, 5:59pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/30 "2024-01-09T17:59:04Z")
Since I’m being tagged about this on Twitter, I thought I’d clarify, my contributions to this conversation are as **a community member** who works in the industry. I am **not** in any way linked to this prop. I am not going to be one of the MMs lmao. And I’m not even part of the committee that will select the MMs. I read this prop for the first time on the forums, just like everyone else. And I’m in support of it. For anyone who still doesn’t get why I support discretion: [https://x.com/WinfredKMandela/status/1744777967551606850?s=20](https://x.com/WinfredKMandela/status/1744777967551606850?s=20) ---
**Author:** ![jasonsprouse](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/jasonsprouse/32/1600_2.png) [@jasonsprouse](https://forum.osmosis.zone/u/jasonsprouse)\ **Post date:** [January 9, 2024, 6:30pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/31 "2024-01-09T18:30:31Z")
A market maker bot trades faster and more efficiently than any person ever could. Is this some industry secret? I shared this info in discord a long time ago when the discussion was about designing an api in osmosis that could be equivalent to a central exchange. Is the market maker a bot? For anyone who might want to do this with their own funds… [Drakkar-Software/OctoBot: Open source crypto trading bot (github.com)](https://github.com/Drakkar-Software/OctoBot#What%20Is%20Octobot%20?) ---
**Author:** ![Aashish](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/aashish/32/1311_2.png) [@Aashish](https://forum.osmosis.zone/u/Aashish)\ **Post date:** [January 10, 2024, 6:52am UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/32 "2024-01-10T06:52:30Z")
We should not support any actions that have potential to fragment the liquidity of osmosis in longer term because ultimately liquidity matters the most. Osmosis as the only liquid hub will force new users to try it which will result in onboarding of new users although some people may not come but overall its a net positive. In the meantime, use the funds to make osmosis user experience positive in order to retain most new users next bull market. ---
**Author:** ![tuchki](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/tuchki/32/1558_2.png) [@tuchki](https://forum.osmosis.zone/u/tuchki)\ **Post date:** [January 10, 2024, 10:28am UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/33 "2024-01-10T10:28:32Z")
1. Please tell us explicitly about these vulnerabilities. 2. I am not really interested in who is mm (as long as it is not DWF;)), but why we are not given explicit agreement conditions like how much is going to mming out of 7mln and how stewards would insure that mmers don’t abuse the funds. Also an aside question we weren’t given any clarification on why exactly 7 mln, not 3 or 5. ---
**Author:** ![LeonoorsCryptoman](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/leonoorscryptoman/32/208_2.png) [@LeonoorsCryptoman](https://forum.osmosis.zone/u/LeonoorsCryptoman)\ **Post date:** [January 10, 2024, 7:44pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/34 "2024-01-10T19:44:27Z")
I don’t mind not knowing who the market makers are, but I really would like to see a document with requirements against which the MMs are being chosen / assessed. That is now missing, which means we are giving a blanq cheque of over 10 million dollar. And that part I don’t like. With clear boundaries where we know what we are getting (but not knowing who delivers) I would be more leaning to Yes. Now it is a clear No. ---
**Author:** ![jasonsprouse](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/jasonsprouse/32/1600_2.png) [@jasonsprouse](https://forum.osmosis.zone/u/jasonsprouse)\ **Post date:** [January 11, 2024, 11:11pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/35 "2024-01-11T23:11:24Z")
> [@LeonoorsCryptoman](#): > > I don’t mind not knowing who the market makers are, but I really would like to see a document with requirements against which the MMs are being chosen / assessed. Personally, I’ve used this bot before…I don’t know what the goals are with the market maker proposal. If it’s to provide linear stability to the price action of osmo - then the bot is perfect for that. If it’s to maximize the gains made trading those tokens - the bot can do that to, but the parameters need to be evaluated and adjusted with market conditions to maximize gains. I personally think this proposal should stipulate the use of the bot, it doesn’t matter if anyone knows who a market maker is - the only thing that matters is orders on an order book for whatever cex the orders will be placed on. Noone would want to do that all day every day manually. That could get very stressful and boring. The bot can be fine tuned to achieve whatever objective the proposal is trying to achieve. What is the goal of the token request? ---
**Author:** ![dedmanblu](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/dedmanblu/32/1649_2.png) [@dedmanblu](https://forum.osmosis.zone/u/dedmanblu)\ **Post date:** [January 12, 2024, 3:15am UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/36 "2024-01-12T03:15:21Z")
Im for this. We could probably use the extra push ---
**Author:** ![LeonoorsCryptoman](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/leonoorscryptoman/32/208_2.png) [@LeonoorsCryptoman](https://forum.osmosis.zone/u/LeonoorsCryptoman)\ **Post date:** [January 12, 2024, 12:40pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/37 "2024-01-12T12:40:01Z")
Yeah, that is why I want to have guidelines and expectations set before we start spending 🙂 Automating could be one of the prerequisites imo ---
**Author:** ![LeonoorsCryptoman](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/leonoorscryptoman/32/208_2.png) [@LeonoorsCryptoman](https://forum.osmosis.zone/u/LeonoorsCryptoman)\ **Post date:** [April 15, 2024, 1:14pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/38 "2024-04-15T13:14:47Z")
@Osmosis_Grants @RoboMcGobo We are now 3 months passed this [governance proposal](https://www.mintscan.io/osmosis/proposals/712). Is there time for an update? I see a lot of this coming by on X / Twitter and I think it is good for the community to know what happened with this massive spend and whether it is doing what it is supposed to do. > ---
**Author:** ![RoboMcGobo](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/robomcgobo/32/633_2.png) [@RoboMcGobo](https://forum.osmosis.zone/u/RoboMcGobo)\ **Post date:** [April 15, 2024, 5:36pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/39 "2024-04-15T17:36:46Z")
Hey Leonoor, apoloogies. We’d drafted a blog for this but never got it pushed to the website! Appreciate you re-raising this. The update blog is live now! [OGP Website](https://grants.osmosis.zone/blog/osmosis-market-making-update) ---
**Author:** ![maxpower](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/maxpower/32/427_2.png) [@maxpower](https://forum.osmosis.zone/u/maxpower)\ **Post date:** [April 15, 2024, 5:43pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/40 "2024-04-15T17:43:54Z")
> > > PostTenebras @PostTenebras2 ---
**Author:** ![LeonoorsCryptoman](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/leonoorscryptoman/32/208_2.png) [@LeonoorsCryptoman](https://forum.osmosis.zone/u/LeonoorsCryptoman)\ **Post date:** [April 15, 2024, 5:52pm UTC](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085/41 "2024-04-15T17:52:06Z")
I’m afraid more insights in the KPI’s are confidential, just as the agreements most likely? Is there also a way to track what they are doing with the funds? Via some sort of on-chain accounts or the like? [Previous page](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085.md?page=1) [Next page](https://forum.osmosis.zone/t/allocate-7m-osmo-to-the-ogp-multisig-to-fund-market-making-operations-for-12-months/1085.md?page=3)