Market Making Transition

Overview

As part of the 2026 decentralization strategy, XRD market making operations must transition from Foundation control to community or third-party management. The Community Transition Planner outlines a seven-step process for this handover.

Transition Steps

1. Assign MM Lead — RAC appoints a member with DeFi/CeFi experience to own the workstream
2. Foundation Briefing — RAC briefed on current MM arrangement (exchanges, spread targets, cost, performance)
3. Review Proposals — Evaluate incoming third-party MM management proposals
4. Choose Model — Option A: MM manages strategy (simplest); Option B: Community directs strategy (more control); Option C: Community hires a third-party manager (most oversight)
5. Allocate Capital — Determine how much treasury to dedicate to market making
6. Governance Proposal — Community ratifies chosen model and capital allocation via formal vote
7. Formal Onboarding — Community entity onboards with the MM; Foundation steps back

External Links

• 2026 Strategy: The Next Chapter of Radix