High Return Seigniorage Funds as Market Makers
High Return Seigniorage Funds as Market Makers To facilitate the economic viability of increased rate accrual to seigniorage funds members, this funds, with the approval of their members, are allowed to act as market makers and use the fund assets to expose bilateral (buy-sell) quotations for CENTUS/XML/USD asset pairs to gain additional profit from price difference (dealing spread). By the time of seigniorage rate capture all fund assets should be transferred back to official fund Stellar address. The market activities of the funds must not prevent their members from withdrawing their assets as usual at any moment. Every participant can act as…