Volmex Protocol Integration with Polkadot DEX Ecosystem

Medium Spender
1mo ago
13 Comments
Rejected
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Request
375KUSDC
Status
Decision28d
Confirmation4d
Attempts
1
Tally
47.9%Aye
50.0%Threshold
52.1%Nay
Aye
20.19MDOT
Nay
21.94MDOT
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support0.27%
4.17MDOT
Issuance
1.54BDOT
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"Volmex Labs is submitting this proposal to integrate Volmex indices with a soon-to-launch Polkadot-native decentralized perpetual futures exchange" - can you please name the exchange?

Is it an existing project?

Will this project be requesting funding from the Polkadot treasury?

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@Thibault Perréard Limiting innovation to what is built on top of Bifrost and Hydra is myopic and far removed from any notion of decentralisation. Like any ecosystem, DeFi thrives on diversity and healthy competition, and the success of Polkadot as an ecosystem depends on encouraging a variety of DeFi products that users can benefit from. Restricting new ideas to existing frameworks stifles creativity, kills the whole ecosystem and blocks the path to novel solutions.

Edited

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Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is AYE.

The Medium Spender track requires 50% quorum and simple majority of all voters according to our voting policy. This proposal has received six aye and zero nay votes from ten members, with three members abstaining. Below is a summary of our members' comments:

A majority of voters expressed support for a proposal aimed at enhancing the Polkadot ecosystem, particularly in light of the upcoming introduction of perpetual futures trading. While some highlighted the need for a substantial marketing budget and tighter integration with major DeFi players, others requested more information about the initiative's business aspects. A few voters abstained, citing a lack of context. Overall, the proposal received favorable comments for its potential to stimulate growth and attract decentralized applications within the DeFi landscape.

The full discussion can be found in our internal voting.

Kind regards,
Permanence DAO

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After carefully reading the proposal, I`ve voted Abstain

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Hello and thanks for the proposal, in our effort to push for continued development on Polkadot from treasury funded projects, we would like to thank for the proactive description for future support of Volmex, in this case it gets funded up to a three year support and maintenance plan. We want to highlight this positive item and as something all development referenda should have.

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Hello everyone! We are in the final week of voting to bring Volmex's market-leading volatility index products to Polkadot. Overall, support for the proposal has been strong, with the caveat that we bring validation to the claim that a leading DEX in the ecosystem is planning to launch perps. Last week on AAG, we brought Cole, the CEO of Volmex on with Jakub from Hydration to discuss this proposal. Jakub stated that Volmex is the kind of differentiating product offering he needs to bring perps to Polkadot. https://www.youtube.com/watch?v=T8UCogrSoeU&t=783s

Please consider updating your votes to reflect this new data, we look forward to working with you to make this integration a success for the whole ecosystem!

The Transistor and the Volmex team

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