Announcement :
Liqwid Core Team wants to delist the Optim 1-Month bond market from the Liqwid protocol as there is no demand for it.
Reasoning :
The Optim 1-Month bond market is currently available as collateral to borrow ADA on the Liqwid protocol; however, we do not see sufficient demand to justify keeping this market open (current supply is $ 0). Maintaining it requires resources that could be better allocated elsewhere. As such, we propose discontinuing this offering.
Conclusion
Do you support this proposal to delist the Optim 1-Month bond market?
- Yes, I want to delist the Optim 1-Month bond market?
- No, I want to keep the Optim 1-Month bond market?
Here is the revised text.
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Delist the 6-epoch Optim Bond tokens as collateral in the ADA market
Summary
This proposal intends to delist the 6-epoch Optim Bond tokens as collateral in the ADA market following a sustained period of low demand.
Reasoning
6-epoch Optim bond tokens are currently available as collateral to borrow ADA on Liqwid Finance, however, demand for this type of collateral-debt pair in the ADA market has been noticeably low, with a total supply of 0 Optim bond tokens locked in the protocol at the date of writing. Keeping these tokens available as collateral in the ADA market therefore presents both an unnecessary risk that the protocol is taking on (smart contract risk) and simultaneously an unnecessary cost, given that these tokens require oracle updates to correlate (with an exchange rate of 100 ADA = 1 bond token) with the ADA price, therefore costing approximately double the network fees for ADA-only price updates in comparison to if the tokens were to be delisted.
Conclusion
Given the reasoning presented above, the Liqwid core team recommends adopting this proposal and disabling Optim bond tokens as collateral in the ADA market.