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EDE (El Dorado Exchange)EDE (El Dorado Exchange)by0x9a94DD41a22Fdc85DA59b10B9dA9f234931EB7Ae0x9a94…B7Ae

Proposal 006: Limit Open interest to BNB shorts to $400,000

Voting ended about 3 years agoSucceeded

The EDE team have noticed a particular whale trade on both us, and other DEX's, who appears to be 'hedging' his long positions on a CEX by shorting us, then closing his short within 1min and profiting as a result.

To avoid having to make a number of changes that will possibly make the trading experience worse, the team proposes that we limit short capacity for BNB to $400,000.

Although, this might fully deter him, it enables us to be less attractive to short on given we are limiting the OI for BNB shorts.

The team have other countermeasures to deploy if this proves unsuccessful, but we don't want to cause disruption to the trading experience on EDE and potentially push people away to other DEXs as a result.

Off-Chain Vote

Yes limit BNb shorts
881.66 gEDE100%
No don't limit BNB shorts
0 gEDE0%
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Timeline

Feb 17, 2023Proposal created
Feb 17, 2023Proposal vote started
Feb 17, 2023Proposal vote ended
Oct 26, 2023Proposal updated