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GMXGMXby0x82429089e7c86B7047b793A9E7E7311C93d2b7a60x8242…b7a6

List ORDI, SATS & STX

Voting ended over 1 year agoSucceeded

This governance vote is for determining the potential listing of new markets for ORDI, SATS & STX. These markets alongside the recent vote for listing of a tBTC market position GMX to handle a range of markets that actively traded within the Bitcoin community and expand efforts to grow our presence in BTCfi. All three markets have strong Perp volumes on CEXs, and strong followings.

ORDI, SATS & STX have completed testing and is available on Chainlink Data Streams’ new timestamp oracles. Chaos Labs has completed a review of the Oracle feeds and provided technical recommendations for initial listing parameters.

Governance Post and discussion on markets and listings with risk paramater recommendations: https://gov.gmx.io/t/new-asset-listings-ordi-sats-stx-zro/3762

Given the lack of availability of bridged versions of these assets it's propose to list them as synethic markets. With a larger correlation to BTC than ETH and a desire to get more BTC centric traders, one option is to list these markets backed by WBTC-USDC instead of the more typical ETH-USDC.

Approval options below are for authorizing the listing of BTC-USDC backed markets, listing only ETH-USDC markets or don't list.

The highest choice for each Asset will be implemented

Off-Chain Vote

List BTC-USDC backed ORDI market
142.86K GMX31.6%
List ETH-USDC backed ORDI market
14.61K GMX3.2%
Don't list ORDI market
84.78 GMX0%
List BTC-USDC backed SATS market
136.91K GMX30.2%
List ETH-USDC backed SATS market
4.79K GMX1.1%
Don't list SATS market
5.89K GMX1.3%
List BTC-USDC backed STX market
142.1K GMX31.4%
List ETH-USDC backed STX market
4.78K GMX1.1%
Don't list STX market
678.87 GMX0.1%
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Timeline

Aug 07, 2024Proposal created
Aug 07, 2024Proposal vote started
Aug 10, 2024Proposal vote ended
Aug 10, 2024Proposal updated