SIP-2044: List ORDI on Synthetix Perps
| Author | |
|---|---|
| Status | Implemented |
| Type | Governance |
| Network | Optimism |
| Implementor | TBD |
| Release | TBD |
| Proposal | Loading status... |
| Created | 2023-12-08 |
Simple Summary
List ORDI on Synthetix Perps
Abstract
This is a proposal to List ORDI/sUSD Futures on Synthetix Perps.
Motivation
ORDI is a BRC-20 token of Bitcoin Ordinals, which is a way of generating token by sending transaction inscribed with JSON within Ordinals specifiction. ORDI has a highly trade volume on many CEX.
Specification
Binance Spot ORDI/USDT Volume from Coingecko at 2023-12-08: $789,156,651 Binance Perp ORDI/USDT VOlume from Coingecko at 2023-12-08: $3,946,034,242.11 with $9,971,080 Open Interest. ORDI Perp DEX Volume:
| DEX | Open Interest | 24h Volume |
|---|---|---|
| Hyperliquid | $504,198 | $15,532,187.77 |
| Aevo | N/A | $4,791,971.38 |
Rationale
To remain compeitive, Synthetix should list a highly-traded cryptocurrency for traders. Additionally, ORDI is a BRC-20 token which is on Bitcoin and not avaliable to trade on EVM-based network.
Technical Specification
The market will be deployed with Chainlink and Pyth price feed.
Test Cases
N/A
Configurable Values (Via SCCP)
The configurable values follows other Perps V2 market and will be update on separate SCCP.
Copyright
Copyright and related rights waived via CC0.