[DRC] Add AGIX-USD to the dYdX Chain

A proposal was recently listed on Mintscan for an AGIX-USD market. Chaos Labs supports the addition of AGIX-USD to the dYdX Chain and recommends listing under liquidity tier 2. In line with the criteria for introducing a new market, as detailed in the v4 documentation, we present our analysis and the rationale behind our recommendation for AGIX’s listing.


AGIX is currently listed for spot trading on exchanges, including Binance, MEXC, OKX, Bybit, Gate, KuCoin, and HTX, with its launch on January 21, 2018 (CoinGecko). Recent 24-hour Perpetual volumes for AGIX have also recently been north of $200m, showing interest in trading it. With aggregate liquidity of $825k within a ±2% range, AGIX’s price stability is deemed robust enough against potential manipulation, qualifying it for listing on the dYdX Chain.

Liquidity Tier Recommendation

AGIX fulfills the requirements for a Long-Tail asset as defined in the dYdX v4 documentation, and, therefore, we suggest categorizing it under liquidity tier 2.

As outlined in the v4 documentation, liquidity tiers specify the margin requirements needed for each market. They should be determined based on the relative market’s spot book depth and the token’s market capitalization.

AGIX aligns the Oracle liquidity requirement at 5 out of 7 Oracle sources, with MEXC and Gate liquidity close to the desired $50k on each market side. Using an HTX feed where alternatives do not exist is recommended, so we recommend using the other 6 price sources. Below are the volume and liquidity depth metrics for AGIX:

Given that it meets the Long-Tail criteria, we suggest listing AGIX at a liquidity tier 2.