Community

New Market Listing Assignment

Funded

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Funding amount

$208,000

Start date

February 2025

Execution

2 months

Team

Lattice Research Cayman, Inc.

Description

This grant will fund the proactive testing and launching of new markets on the dYdX Chain, promoting protocol growth and trading activity with timely market listings. As of today, any market supported by the Market Mapper can be listed permissionless by the community. However, this process does require committing 10,000 USDC to the MegaVault with a 30 day lockup period. This requirement guarantees that liquidity will be available on the new market, while also minimizing the likelihood of spam listings. We suspect that this deposit requirement may be reducing the velocity with which new markets can be listed on the protocol.

To improve this velocity, this grant will fund Lattice Research Cayman with up to 200,000 USDC for explicit use on new market listings. Lattice will perform daily reviews of launchable markets and deploy new market listings as seen fit based on trading volumes and market trends. Through this experiment, we aim to prove that a community-owned market listing community may be a reasonable approach to address listing velocity issues. If successful, we intend to process a more developed approach with community funding allocated to listings while contributors are supported by grants.

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