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Simple Summary

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This SCCP proposes to deprecate markets that have less than 50k$ worth of OI. The markets affected are below:

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TickerOI
ARB22,158
XMR11,409
XRP6,811
AVAX4,663
UNI4,583
GMX4,548
ATOM3,974
APT3,931
CRV3,347
INJ3,027
ADA2,709
WLD2,152
AAVE2,024
TIA1,396
IMX1,032
LDO1,004
TRX804
LTC758
BONK681
ORDI589
DYDX448
BLUR377
NEAR372
MKR309
XLM235
PENDLE195
STRK178
FLOW159
FXS149
SHIB118
JUP113
AXS83
GRT77
FIL49
BCH1
SUSHI
MAV
PYTH
ALGO
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Abstract

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Removing these market entails removing them from FuturesMarketManager contract. In parallel, the margin locked up in this contract will be sent treasury who in their turn handle the disbursement to the relevant traders.

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Motivation

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The motivation is the gradual deprecation of low open interest markets on V2, as Synthetix shifts focus to its roadmap priorities and reallocates resources away from legacy products.

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Copyright

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Copyright and related rights waived via CC0.

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