[Proposal #7] Community Vote to Delist

Introduction

Orderly’s mission is to provide a high-quality trading environment with deep liquidity, sustainable trading activity, and transparent governance. While new listings bring growth and experimentation, it is equally important to evaluate underperforming markets and decide which should be removed.

This proposal introduces a new Community Vote to Delist. Instead of voting to remove tokens, the community will now vote to retain tokens from a pre-identified list, ensuring our resources are focused on assets with verifiable community support.

The Proposal  The Orderly Core Team has identified the following 6 tokens for potential delisting based on predefined criteria (e.g., sustained low liquidity, volume, and community activity).

Delisting Pool :

ONDO OP TNSR ZK STBL AKT

The Vote & Outcome:  A "Vote to Retain" will be held for each token individually. For a token to be removed from the delisting pool and continue trading on Orderly, it must meet the following threshold:  3% of Total Staked $ORDER voting "AGAINST Delisting".  If none of the tokens meet the 3% retention threshold, all tokens in the pool will be delisted.

Rationale  This revised process ensures Orderly focuses liquidity on markets with active community engagement, while introducing a more efficient and decisive governance mechanism.  Efficiency & Clarity – Provides a clear, binary outcome for each asset based on measurable community support, eliminating ambiguity.  Community Empowerment – Directly measures which assets have sufficient stakeholder backing to merit ongoing platform support.  Protocol Integrity – Ensures resources are directed to ecosystems with engaged communities, driving sustainable growth.

Next Steps & Implementation

Community votes will be collected during the 5-day voting period.

After the vote, each token will be evaluated against the 3% retention threshold.

Tokens that fail to meet the threshold will be scheduled for delisting.

Orderly will issue a reminder at least 48 hours before any delisting is executed.

Voting Parameters

Retention Threshold: >3% of total staked $ORDER must vote "AGAINST Delisting" for a token to be saved.

Voting Period: 5 days

Eligibility: Only $ORDER staked before proposal submission counts toward voting power.

The Takeaway  This Vote to Retain empowers ORDER stakers to clearly signal support for the assets they value. This decisive process ensures Orderly maintains a vibrant market of high-engagement tokens, upholding our commitment to transparency and community-driven governance.