# New Listings due diligence (foxy)

**URL:** <https://dydx.forum/t/new-listings-due-diligence-foxy/2912>\
**Category:** dYdX Chain\
**Created:** [August 12, 2024, 5:22pm UTC](https://dydx.forum/t/new-listings-due-diligence-foxy/2912 "2024-08-12T17:22:38Z")\
**Posts on this page:** 1\
**Showing post:** 8

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**Author:** ![Govmos](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/govmos/32/820_2.png) [@Govmos](https://dydx.forum/u/Govmos)\
**Post date:** [August 22, 2024, 7:41am UTC](https://dydx.forum/t/new-listings-due-diligence-foxy/2912/8 "2024-08-22T07:41:11Z")

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**On behalf of the PRO Delegators’ validator, we have been very clear about this issue of questionable listings for quite some time.** We are among the few, if not the only, validators consistently casting NO votes on certain proposals.

**[As we mentioned back in april](https://dydx.forum/t/does-the-addition-of-new-tokens-really-help-dydx-chain/2654/2)**, we will begin to decline proposals that do not meet our risk threshold.

> [@Does the addition of new tokens really help dydx chain?](https://dydx.forum/t/does-the-addition-of-new-tokens-really-help-dydx-chain/2654/2):
>
> we will implement a more stringent decision framework for voting on new applications.

Since that day, we have developed a basic four-criteria framework:

1. **Number and tier of their listed exchanges**
2. **Depth of the accumulated liquidity vs. average 30-day trading volume**
3. **30-day price volatility** (average and maximum standard deviation over that period)
4. **Sufficient trading history and price structure** (volume profile should demonstrate true market participants, not pump & dump schemes)

While the fourth metric may require a more expert eye on the market, we believe every validator should be able to quickly assess the remaining three. **We hope this will inspire them to adopt similar or even personalized frameworks like this one.** We need quality contributors in the validator set, not people voting yes without paying specific attention to the proposals. **On-chain delegated governance is a validator responsibility, and we should treat it with care.**

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Thanks for reading,  
Govmos.  
[![pro-delegators-sign](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/1X/3d138289b87945115dfe59a6604e139bf36aeb94.png)](https://dydx.forum/t/validator-introduction-pro-delegators/1487)

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