The Stargate community has initiated a proposal to hire GSR as the market maker for STG

ChainCatcher message, the Stargate community has initiated a proposal to hire GSR as the market maker for STG on centralized exchanges. This proposal was initiated due to multiple exchanges contacting the Stargate Foundation regarding the liquidity issues of Stargate on centralized exchanges, and informing that if the Stargate DAO does not hire a market maker, STG will be delisted or have its priority canceled in the future.

It is reported that Stargate will provide GSR with 8 million STG European-style options, contingent upon the average price of STG exceeding $1.15 after 24 months. Stargate stated that to protect the market, it will not disclose the specific price requirements. (source link)