Simple Summary
This proposal seeks to delist OMNI from dYdX through an expedited proposal, since OMNI is in the process of being wound down and rebranded to NOM, and major exchanges are delisting the token imminently.
Rationale
OMNI is rebranding to NOM, and the legacy OMNI token is being wound down. Bybit and other major centralized exchanges have already announced they will delist and cease spot trading for OMNI on September 28, 2025.
To avoid disruption to trading activity and mitigate potential oracle/liquidity risks, the community should consider delisting OMNI via an expedited proposal.
Specification
If the dYdX community approves this proposal, the status of the OMNI-USD market will be changed to FINAL_SETTLEMENT. This means that, at the block after the vote ends: (i) open positions will be closed at the oracle price, (ii) open stateful orders will be canceled, and (iii) trading for this market will be disabled upon execution.
Next steps
If there is no significant objection from the community, an expedited proposal to delist OMNI will be submitted onchain.