Epoch 11: Adding New Assets to the Starkware Priority Timelock Executor
AI summary
This proposal suggests adding five new cryptocurrencies (ApeCoin, Stepn, Fantom, Axie Infinity, and Optimism) to the dYdX exchange. These assets have been reviewed by a special group and received positive feedback from market makers and the community. The goal is to expand the trading options available on dYdX and capture trading volume from these popular assets.
If this proposal passes, dYdX will likely list these five new assets for trading, which could increase trading activity and attract new users to the platform. Traders will benefit from more diverse options, while the DAO could see increased revenue from trading fees. There are no clear losers, but the risk of listing new assets is always present.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
In reference to: https://commonwealth.im/dydx/discussion/5215-new-assets-for-epoch-11
Summary
We propose adding the following assets to the Starkware Priority Timelock Executor.
-
ApeCoin (APE) Motivation: Since launching, APE has been very actively traded across multiple perpetual exchanges, with strong retail demand for NFT related assets. 24h Perpetual Volumes: $515M
-
Stepn (GMT) Motivation: Stepn has been widely popular among retail and non-crypto native users, attracting immens…