List ORDI, SATS & STX

This governance vote is for determining the potential listing of new markets for ORDI, SATS & STX. These markets alongside the recent vote for listing of a tBTC market position GMX to handle a range of markets that actively traded within the Bitcoin community and expand efforts to grow our presence in BTCfi. All three markets have strong Perp volumes on CEXs, and strong followings.

ORDI, SATS & STX have completed testing and is available on Chainlink Data Streams’ new timestamp oracles. Chaos Labs has completed a review of the Oracle feeds and provided technical recommendations for initial listing parameters.

Governance Post and discussion on markets and listings with risk paramater recommendations: https://gov.gmx.io/t/new-asset-listings-ordi-sats-stx-zro/3762

Given the lack of availability of bridged versions of these assets it's propose to list them as synethic markets. With a larger correlation to BTC than ETH and a desire to get more BTC centric traders, one option is to list these markets backed by WBTC-USDC instead of the more typical ETH-USDC.

Approval options below are for authorizing the listing of BTC-USDC backed markets, listing only ETH-USDC markets or don't list.

The highest choice for each Asset will be implemented

start

August 7, 2024

12:11 PM

end

August 10, 2024

12:00 PM

Voting

off-chain

Voting type

approval

Voters

392

Votes

452,713

Final Votes

closed

List BTC-USDC backed ORDI market

142.9K sbfGMX

31.56%

List ETH-USDC backed ORDI market

14.6K sbfGMX

3.23%

Don't list ORDI market

84.8 sbfGMX

0.02%

List BTC-USDC backed SATS market

136.9K sbfGMX

30.24%

List ETH-USDC backed SATS market

4.8K sbfGMX

1.06%

Don't list SATS market

5.9K sbfGMX

1.3%

List BTC-USDC backed STX market

142.1K sbfGMX

31.39%

List ETH-USDC backed STX market

4.8K sbfGMX

1.06%

Don't list STX market

678.9 sbfGMX

0.15%

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

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Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%