To deploy Margined's perpetual protocol on Osmosis, in conjunction with its governance module. As part of the grant, Margined has committed to airdrop 5% of their total token supply to Osmosis users, with some predetermined rules which will be detailed by the Margined team.
Perpetual swaps are an important DeFi product that can be used for speculation, as well as to hedge risks for users on Osmosis.
$50,000 (in OSMO)
25% upfront / 75% at completion