Summary
This proposal seeks to wind down and move the following 5 markets to final settlement:
XAUT-USD
S-USD
AEVO-USD
KAITO-USD
SKY-USD
These markets have shown limited or no recent trading activity, low open interest, and wide bid-ask spreads.
Rationale
The selected markets exhibit weak market activity and limited effective liquidity. Each market has not traded since May, with open interest remaining low and bid-ask spreads ranging from approximately 16% to nearly 40%.
Market details:
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XAUT-USD: last traded on May 8, 2026, $1,220.06 open interest, isolated margin, 39.93% bid-ask spread
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S-USD: last traded on May 13, 2026, $22.74 open interest, cross margin, 26.17% bid-ask spread
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AEVO-USD: last traded on May 13, 2026, $48.99 open interest, cross margin, 16.10% bid-ask spread
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KAITO-USD: last traded on May 23, 2026, $500.14 open interest, cross margin, 34.47% bid-ask spread
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SKY-USD: last traded on May 28, 2026, $393.02 open interest, isolated margin, 24.35% bid-ask spread
Markets with prolonged inactivity, low open interest, and wide spreads do not provide meaningful execution quality 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 all listed pairs to
STATUS_FINAL_SETTLEMENT -
Disable associated price feeds
Timeline
This proposal follows the scheduled delisting process:
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Friday, June 26, 2026: Forum post
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Tuesday, June 30, 2026: On-chain vote
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Friday, July 3, 2026: Markets delisted
We welcome community feedback prior to submitting this proposal for an on-chain governance vote.