Validator Voting and Settlement Rules for Delisted Perpetuals
Summary
The document explains how delisting works for validator-operated perpetual contracts. Validators vote on whether an asset should be removed; if they approve delisting, the contract settles at the one-hour time-weighted spot oracle price from before the scheduled vote. This describes the reference price and timing used to determine settlement.
Once delisting takes effect, open positions are settled and outstanding orders are cancelled, with no further orders accepted. Traders who want to avoid automatic settlement are advised to close their positions in advance. The note gives no details about how validators reach a vote, how the oracle is calculated, or what happens if market prices diverge from the settlement reference. It presents the process as a standard exchange-style mechanism, without performance evidence or discussion of risks beyond the consequences for open positions and orders.
Key ideas
- Validators vote on whether validator-operated perpetual contracts should be delisted.
- Approved delistings settle contracts using a one-hour time-weighted spot oracle price from before the scheduled vote.
- Delisting settles open positions and cancels outstanding orders.
- After settlement, traders cannot submit new orders for the delisted contract.
- Traders seeking to avoid automatic settlement should close positions before delisting.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.