Summary
This proposal seeks to wind down and move the following 2 markets to final settlement:
KAS-USD
USELESS-USD
These markets have shown no recent trading activity, no open interest, and limited market demand.
Rationale
The selected markets exhibit:
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No recent trading activity
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Zero open interest
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Limited market depth and weak demand
Market details:
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KAS-USD: last traded on April 1, 2026, 35% bid-ask spread, $0 open interest
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USELESS-USD: last traded on April 2, 2026, 6% bid-ask spread, $0 open interest
Markets with no open interest and prolonged inactivity do not provide meaningful trading opportunities and reduce overall market efficiency.
Motivation
Delisting these markets will:
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Improve overall market quality and trading experience
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Reduce operational and oracle overhead
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Keep the product offering focused on active markets
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Maintain a cleaner and more capital-efficient trading environment
Technical Implementation
The proposal will:
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Disable the affected markets
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Transition both listed pairs to
STATUS_FINAL_SETTLEMENT -
Disable associated price feeds
Full governance transaction details are available here:
Timeline
This proposal follows the scheduled delisting process:
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Friday, May 29, 2026: Forum post
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Tuesday, June 2, 2026: On-chain vote
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Friday, June 5, 2026: Markets delisted