MegaVault Allocation Update

Proposals
1

Simple Summary
This post provides information about recent MegaVault (MV) equity deallocations by Greave and suggests potential next steps for these affected markets.

Abstract
Greave has recently deallocated MV equity from several markets based on internal screening criteria for market health:

  • 30-day median aggregate volume threshold
  • 30-day EWMA market capitalization threshold

Motivation and Rationale
Greave’s deallocation decision was based on maintaining efficient market operations and focusing resources on markets meeting their activity thresholds. Given that these markets now lack MV equity support, the community may want to consider whether maintaining them on the platform serves a purpose.

Specification
Greave has deallocated MV equity from the following markets:

Next Steps
Given these markets now operate without MV support, community members might consider submitting a delisting proposal through the governance process.

3 Likes
2

Hey @riskringer, welcome to the dYdX community forum!
We’re excited about your upcoming updates and insights.
Your communication here will help our community of users and token holders appreciate your efforts.

Expect some lively feedback, all with good intentions.
To liquidity wizards :handshake:
Keep co-building, brothers!

Water Fix It GIF by Boomerang Official

2 Likes
3

Stakecito supports submitting an on-chain proposal to delist the markets flagged in the MegaVault Allocation Update, as they no longer meet Greave’s internal screening criteria for market health and have had their MV equity deallocated.

Without MV support, these markets lack liquidity incentives, making their continued listing inefficient. Delisting them aligns with the goal of maintaining a strong trading environment on dYdX, ensuring that resources are focused on active and sustainable markets.

2 Likes
4

I support the delisting of trading pairs that lack sufficient momentum, as it promotes a more sustainable and dynamic market within the dYdX ecosystem. By reallocating resources to actively traded and well-supported markets, we can strengthen the overall trading environment and foster long-term growth. Prioritizing liquidity and engagement will allow dYdX to evolve into a healthier, more resilient ecosystem.

1 Like
5

BTW, we have identified another market for potential delisting. It has come to our attention that $PAIN (PAIN-USD) may be a scam token, as the dYdX market currently links to a CoinMarketCap page associated with contract address 0xFdedbA064651F3D5Cb11318Fb7c700eB52cf7c21.

However, the actual ‘Pain’ token has not yet gone live, raising concerns about its authenticity.

Given this, we recommend adding PAIN-USD to the list of markets under consideration for removal due to potential fraud risks, and Stakecito will be putting forth the proposal :slight_smile:

2 Likes
6

Pain is an interesting case. The account who exploited cig market started this market and provided an initial 10k liquidity in the megavault.

I havent check if its a scam token I though the preliminary research must be made the ops subDAO team who add it to market mapper.

The account who started it is for sure a bad actor

2 Likes
7

I agree with that.

Why is the MV equity slowly reducing?

Why is the 30d predicted ROI also reducing so much?

And

If the ether bridge is soon due to be shut down how can one transact?

And - if the app should fail and the website disappear what actual chain is our collateral being held and how would one recover from a catastrophe?