Our existing DYDX Market Maker agreement with Pulsar expired in April. This grant renews our loan-option agreement for an additional 12 months.

As dYdX Chain adoption continues to grow, with more exchanges listing the chain through the support of grants, there is now a need for improved liquidity of the underlying token across these exchanges. This initiative will allow a professional market maker to increase exchange deposits and improve liquidity, which will enable withdrawals and improve the overall trading experience for users looking to transact with DYDX.