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dYdX Vote Would Close Seven Markets, Including Oil and Silver

The measure cites weak trading and liquidity for most targets, while oracle upkeep costs are the stated concern for WTI crude and XAG silver.

Updated 1 min read
Seven market symbols approach a final-settlement boundary in an editorial graphic / EconoTimes.ai
Seven market symbols approach a final-settlement boundary in an editorial graphic / EconoTimes.ai

A dYdX governance ballot would retire seven trading markets, including five crypto-linked contracts and products tied to oil and silver, if participants approve the measure.

The ballot names ENA, ONDO, WLFI, TRUMP and WIF, along with WTI crude oil and XAG silver. The measure has yet to win approval, leaving all seven markets in place for now.

The proposal points to sparse trading and limited liquidity as concerns for most of the seven markets. For WTI and XAG, it says oracle upkeep costs outweigh use; planned node infrastructure shutdowns are also a stated issue for the ENA, ONDO and WLFI price feeds.

Passage would move the seven markets into final settlement and switch off their associated price feeds. The voting window is due to end at 8:40 a.m. ET (12:40 UTC) Thursday, Oct. 29.

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