HIP-17: Add DOT, AVAX, and MATIC to Horizon Futures

July 16, 2024

HIP-17: Add DOT, AVAX, and MATIC to Horizon Futures

To broaden trading options and boost platform activity, we propose adding Polkadot (DOT), Avalanche (AVAX), and Polygon (MATIC) markets to Horizon Futures. This move aims to enhance the platform’s appeal by diversifying available trading assets, giving traders more opportunities to diversify their strategies, and ultimately increasing trading volume.

We invite you to share your preferences for future asset additions by connecting with us on X (Twitter), Telegram, or Discord.

Read the full HIP below or visit Horizon Academy.

Type: Horizon Improvement Proposal

Date: July 16th, 2024

Status: First Draft

Summary

This HIP proposes to add Polkadot (DOT), Avalanche (AVAX), and Polygon (MATIC) to the Horizon Futures platform to increase the options available to traders and boost trading volume. By introducing these assets to the Futures market, we aim to enhance the platform’s appeal and provide traders with more opportunities to diversify their trading strategies.

Specification

Add Polkadot (DOT), Avalanche (AVAX), and Polygon (MATIC) markets on Horizon Futures and set the system parameters as below:

Motivation

Following the successful listing of seven markets on Horizon Futures, this proposal aims at further expanding the range of assets available on Horizon Futures. By offering a diverse set of markets, we aim to attract more traders to the platform, increase trading activity, and enhance overall market liquidity.

In this batch of listings, more L1 coins will be added to the current available options. Given that Polkadot (DOT), Avalanche (AVAX), and Polygon (MATIC) are large market cap assets in the ecosystem with a solid track record, they are the optimal choice for addition as the next Futures assets based on trader interest.

Considerations

Global Debt Pool Impact: Adding new assets to Horizon Futures will introduce increased volatility and potentially impact the global debt pool. Therefore, assets should be added gradually to ensure the platform’s stability and manage risk effectively.

Post-Implementation Evaluation

Upon the addition of new assets to Horizon Futures, an evaluation will be conducted to assess the market’s performance and impact. Key metrics such as trading volume, user activity, and market stability will be analyzed to inform future decisions and strategy adjustments. The aim is to continue to add more markets to Horizon Futures while maintaining an active risk management strategy.

Feedback & Questions

If you have any suggestions, concerns, or inquiries regarding this proposal, please don’t hesitate to reach out. Your feedback is valuable in ensuring the success and continuous improvement of Horizon Futures.

Horizon Protocol is a decentralized derivatives trading and liquidity protocol providing decentralized access to the real-world economy through synthetic assets. Through Horizon Protocol, users can access swaps and perpetual futures of RWA (real-world assets), including fiat currencies (i.e., USD, EUR, JPY), and commodities (i.e., gold, silver).

By leveraging a peer-to-pool model, Horizon Protocol offers DeFi traders low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Our focus on seamless UI/UX and educational content empowers our community to harness the full potential of DeFi derivatives.

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