This is a governance proposal to add 11 new markets on Overlay Protocol, both for Ethereum and Arbitrum.
In order to demonstrate the potential of Overlay Protocol, it is crucial to have a variety of markets available. This is why we have not launched the protocol in its entirety right away and have instead opted for two sandboxed launches (with the third and final launch on its way). Adding additional markets at this time would further showcase the protocol's capabilities and potential.
Overlay aims to provide users with the ability to long or short any scalar, non-manipulable, and unpredictable data stream, ranging from basic assets such as BTC/USD to more unusual assets such as crime rates in specific cities. Expanding the number of markets offered on the protocol will naturally lead to increased user engagement. Therefore, it is essential to begin adding new markets to both Ethereum and Arbitrum as soon as possible.
This governance proposal suggests the addition of new markets on Ethereum and Arbitrum, which are as follows:
For Ethereum:
-MAYC Floor Price / ETH (via Chainlink feed) -Azuki Floor Price / ETH (via Chainlink feed) -CryptoPunks Floor Price / ETH (via Chainlink feed) -CloneX Floor Price / ETH (via Chainlink feed) -Doodles Floor Price / ETH (via Chainlink feed) -agEUR / USDC (via Uniswap v3)
For Arbitrum:
-MATIC / USD (via Chainlink feed) -AVAX / USD (via Chainlink feed) -APE / USD (via Chainlink feed) -SOL / USD (via Chainlink feed) -LINK / USD (via Chainlink feed)
Adding these markets will offer more options to the users of the protocol. The addition of these markets will provide a more diverse and comprehensive user experience, surely. If the proposal passes, the core team should be deploying these markets on both Ethereum and Arbitrum
These are three options which are offered on this Snapshot: 1-Add proposed markets on Ethereum and Arbitrum 2-Do not add these proposed markets on either chain 3-Request changes for this proposal