Summary
This proposal seeks to wind down and move the following 10 markets to final settlement:
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SAGA-USD
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NC-USD
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BOME-USD
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B3-USD
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BABYDOGE-USD
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SOPH-USD
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MICHI-USD
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NIL-USD
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AR-USD
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XAI-USD
These markets have exhibited extremely wide spreads and have had no trading activity for over 30 days.
Rationale
The selected markets show persistent illiquidity, reflected in very wide bid-ask spreads and complete absence of trading activity over extended periods.
Details:
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SAGA-USD – 78% spread, no trades since Nov 13
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NC-USD – 70% spread, no trades since Nov 13
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BOME-USD – 69% spread, no trades since Dec 5
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B3-USD – 74% spread, no trades since Dec 22
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BABYDOGE-USD – 67% spread, no trades since Dec 29
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SOPH-USD – 71% spread, no trades since Jan 9
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MICHI-USD – 78% spread, no trades since Jan 15
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NIL-USD – 66% spread, no trades since Jan 15
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AR-USD – 64% spread, no trades since Jan 15
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XAI-USD – 70% spread, no trades since Jan 18
Markets with spreads in the 64–78% range and zero activity for more than 30 days do not provide meaningful trading opportunities and may create a poor user experience.
Motivation
Delisting these inactive markets would:
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Improve overall market quality
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Reduce maintenance overhead
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Streamline the product offering
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Focus liquidity and attention on actively traded pairs
Technical Implementation
The proposal updates each market to:
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Disable price feeds
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Set status to STATUS_FINAL_SETTLEMENT
We welcome community feedback before moving this to an on-chain governance vote.