dYdX The community has initiated an on-chain vote to close multiple markets
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AT A GLANCE
dYdX The community has initiated a vote to close ENA、ONDO、WLFI and other markets; the result has not yet been determined.
Article
dYdX Initiate an on-chain vote to close multiple trading markets, involving ENA、ONDO and WLFI and others
PANews October 26 reported that, according to dYdX Foundation announcement, the community has initiated an on-chain governance vote to close multiple trading markets. The vote will end at Beijing time on October 29 20: 40 involving ENA、ONDO、WLFI、TRUMP、WIF and crude oil WTI, silver XAG and other markets. The proposal states that trading activity and liquidity in most of the relevant markets are low;WTI and XAG the oracle maintenance costs for the markets are relatively high compared with their usage, while ENA、ONDO and WLFI the markets rely on node infrastructure for their price data sources, and the infrastructure is planned for closure. If approved, the relevant markets will enter a final settlement state, and the corresponding price data sources will be closed.
According to a dYdX Foundation announcement cited by PANews, the community has initiated an on-chain governance vote to close multiple trading markets.
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The vote will end at Beijing time on October 29 20: 40。
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The relevant markets listed in the report include ENA、ONDO、WLFI、TRUMP、WIF, crude oil WTI and silver XAG。
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The proposal states that trading activity and liquidity in most of the relevant markets are low.
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The proposal states that WTI and XAG the oracle maintenance costs for the markets are relatively high compared with their usage.
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The proposal states that ENA、ONDO and WLFI the node infrastructure for the price data sources relied upon by the markets is planned for closure.
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If the proposal passes, the relevant markets will enter a final settlement state, and the corresponding price data sources will be closed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a community vote on whether to stop several trading markets, not a confirmation that the markets have already been closed. If the vote passes, these markets will undergo final settlement and will no longer use the corresponding price data sources.
Why it matters to readers
The vote concerns whether the relevant markets can continue trading on dYdX and also concerns maintenance arrangements for low-activity markets and price data sources.
If you hold or trade the assets mentioned in the article, monitor the voting results and final settlement arrangements; do not currently mistake the proposal for an executed action.
Risks and unknowns
The voting result has not yet been determined.
The full list and exact total number of markets proposed for closure are not provided in the main text.
The specific timing for the relevant markets to enter final settlement and for the closing price data source has not been stated.
The report does not specify the exact method of final settlement.
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Related concepts
On-chain governance vote
This term is not in the glossary yet. Browse related concepts in the glossary.
