🛰️ GOV VOTE ACTIVATED
New perp markets incoming? The Mars Protocol Foundation has submitted a proposal to list four new perp markets on the Neutron deployment. If passed, traders will gain access to leverage trading for $HYPE, $PUMP, $ONDO and $PENDLE. 🧵👇
1/ The proposal seeks to launch the following markets on Mars perps:
• $HYPE/USD
• $PUMP/USD
• $ONDO/USD
• $PENDLE/USD
The new markets will support up to 6x leverage with dedicated risk parameters based on the Mars Perps Risk Framework.
2/ Suggested initial risk parameters include:
• LTVs ranging from 66–83%
• Liquidation thresholds from 70-88%
• Max open interest between $100k-$150k per side
• Max skew limits from $50k-$70k
• Minimum position size: $10
3/ Notably, $PUMP comes with more conservative parameters due to its volatility profile (e.g. lower LTV, tighter skew cap). All markets will use Mars’ oracle-based system (via Slinky) for price feeds and funding calculations.
4/ Voting is now live. You can participate through your preferred wallet on the Mars Hub instance on DAO DAO:
🗳️ [MRC-154]:
23.85K
36
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