Introduction

Orderly’s mission is to provide a high-quality trading environment with deep liquidity, sustainable trading activity, and transparent governance. While new listings bring growth and experimentation, it is equally important to evaluate underperforming markets and decide which should be removed.

This proposal introduces the first Community Vote to Delist. The community will help determine which assets should be off-boarded to focus resources on healthier markets.

The Proposal

The community will vote for the token for delisting from the following candidates.

Delisting Pool :

• $WAL
• $ZEN
• $WCT
• $TST
• $DOOD
• $ERA

The top 3 tokens by votes will be confirmed as delisting targets.

Rationale

Delisting ensures that Orderly can focus liquidity on high-demand markets and projects with active communities.

• Liquidity in Strong Markets – Removing weak pairs prevents fragmentation and builds deeper books where users trade most.

• Community Voice – Governance lets users decide which assets remain supported.

• Protocol Integrity – Resources are directed to healthy ecosystems with engaged communities, driving sustainable growth.

This process, guided by clear factors such as liquidity, trading volume, broker demand, and community activity, balances transparency and execution.

Next Steps & Implementation

• Community votes will be collected during the voting period.

• The 3 tokens with the highest votes will be scheduled for delisting.

• Orderly will issue a reminder at least 48 hours before delisting is executed.

Voting Parameters

Quorum: 5% of total voting power

Voting Period: 5 days

Eligibility: Only $ORDER staked before proposal submission counts toward voting power.

The Takeaway

This first Community Vote to Delist empowers ORDER stakers to shape the future of our markets. By choosing which underperforming assets to remove, the community ensures Orderly focuses on sustainable, high-value markets while maintaining transparency and accountability.