Simple Summary
This proposal seeks to delist EOS, BTRUMP, and SKITTEN from dYdX. EOS will be undergoing migration, while BTRUMP and SKITTEN have very limited trading activity and liquidity.
EOS Migration
Due to EOS’ recent rebrand to Vaulta, users can now swap $EOS to $A on a 1:1 basis. Several centralized exchanges that dYdX uses for oracle on the EOS-USD market, such as Binance, MEXC, and Bybit, have announced that they will support the token swap and pause spot trading.
To avoid disruption to the trading activity, we propose to wind down the EOS-USD market on dYdX and proceed with the final settlement.
Wind Down BTRUMP & SKITTEN
Markets with limited activity can hinder the platform’s performance and user experience. A similar proposal has previously outlined the criteria for identifying such markets for delisting.
The criteria include the following thresholds:
- For CEX providers: at least $100,000 in 24-hour trading volume and at least $10,000 ±2% liquidity.
- For DEX providers: at least $5M liquidity in the pool.
Additionally, the markets on dYdX must have less than $1,000 in 24-hour trading volume and less than $10,000 in open interest.
Note, markets that are delisted can be listed again in the future.
Specification
We propose to change the status of the EOS-USD, BTRUMP-USD, and SKITTEN-USD markets to FINAL_SETTLEMENT through this proposal. If the dYdX community approves this proposal, then at the block after the vote ends, open positions on these markets will be closed at the oracle price, and open stateful orders will be canceled. All trading for this market will be disabled upon execution of this proposal.
Next Steps
If there is no strong dissent from the community, we plan to submit an on-chain parameter change proposal on Thursday, May 22, 2025.