1. First Stress Test for Perp v2
During these volatile market conditions we did monitor the functioning of Perp v2 closely and are happy to share that the exchange has been running smoothly and held up well.
2. Delisting LUNA-USD market
Due to the deteriorating market conditions and its impact on price feeds we had to delist the LUNA-USD market. All positions that have not been closed before will be settled by May 17, 11 PM UTC. The index price at the time of the announcement
($0.01277084752) will be used to settle the remaining positions. Once settled, it is recommended users close their positions
. Moving forward we will establish a process for emergency situations such as these that can be run through governance. In addition, we have paused further market listings until market conditions stabilize.
3. Sunsetting Perp V1
On May 15 (UTC) Perp v1 was forced to halt trading as a consequence of market volatility. Please find our governance post explaining the incident and the decision to sunset Perp v1 as well as a settlement plan, which will go into vote on Snapshot on May 19 at 2am UTC, here