HyperLiquid Schedules Validator Vote on OM Token Delisting
HyperLiquid validators will decide on February 23 at 08:00 UTC whether to delist OM, ahead of its rebranding to MANTRA, with settlements based on one-hour TWAP spot oracle prices.
HYPE
Summary
HyperLiquid announced that validators will vote on February 23 at 08:00 UTC to determine whether to delist OM, which is set to be renamed MANTRA. If the proposal passes, positions will settle using the one-hour TWAP spot oracle price, and all open orders will be canceled, requiring traders to close positions beforehand. The decision will be made through the network’s governance process, underscoring HyperLiquid’s method of maintaining asset listings in line with project updates.
Terms & Concepts
- Validator: A network participant who verifies transactions and enforces protocol rules, often involved in governance decisions.
- TWAP (Time-Weighted Average Price): A trading metric calculating the average price of an asset over a specified time period to reduce volatility impact.
- Spot Oracle: A service providing real-time asset prices from spot markets to smart contracts for accurate settlement.