Summary
This proposal seeks to wind down and move the following 16 markets to final settlement due to prolonged inactivity and wide bid-ask spreads:
PROVE-USD
BRETT-USD
ES-USD
PROMPT-USD
TREE-USD
AERGO-USD
ID-USD
LUNC-USD
ENJ-USD
GALA-USD
THETA-USD
AIXBT-USD
XTZ-USD
STEEM-USD
GAS-USD
NOT-USD
These markets have had no trading activity for more than 30 days and currently exhibit wide bid-ask spreads.
Rationale
All markets listed above show:
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No trades for over 30 days
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Wide bid-ask spreads ranging from approximately 20% to nearly 49%
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Minimal effective liquidity and little to no open interest
Representative examples:
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PROVE-USD – 48.73% spread
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GALA-USD – 48.05% spread
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GAS-USD – 47.40% spread
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BRETT-USD – 47.28% spread
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ES-USD – 46.99% spread
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PROMPT-USD – 45.64% spread
Markets with spreads consistently above ~20–40% and no trading activity for extended periods do not provide meaningful execution quality and negatively impact overall market efficiency.
Motivation
Removing inactive markets helps:
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Improve overall market quality and trading experience
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Reduce oracle and infrastructure overhead
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Focus liquidity on actively traded pairs
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Maintain a cleaner and more capital-efficient product offering
Timeline
The intention is to move this proposal on-chain on Wednesday (11-March-2026), allowing time for community review and voting ahead of the weekend.
We welcome community feedback before submitting this proposal for an on-chain governance vote.