ℓPLP: To list Crude Oil WTI

Summary:
To list Crude Oil WTI Liquid on Linear Exchange.

Abstract:
This proposal will look to list Crude Oil WTI Liquid on Linear Exchange. The implementation of this proposal will mean that the pair ℓCRUDEOILWTI/ℓUSD will be available to trade for Linear Exchange users.

Rationale:
West Texas Intermediate (WTI) is a blend of several US domestic light sweet crude oils. It is drilled and processed in the US, and it is mostly refined in the Midwest and on the Gulf Coast. WTI is mainly used as a benchmark on the US oil market.

Linear Finance has a strong opportunity to differentiate itself as a Liquids exchange with unique non-crypto assets. Crude Oil WTI is a popular real-world asset and will further the objective to shift Linear Finance liquid asset portfolio to a more diverse, real-world focus.

In order to keep the gas fees down, Crude Oil WTI will replace ℓYFI.

Chainlink BSC Price Oracle Address:
0xf3584f4dd3b467e73c2339efd008665a70a4185c

3 Likes

Sounds good! Would be nice if we could buy this synthetic (long and short)

1 Like

Would vote for adding this! :+1:

1 Like

Likewise, would vote for it!

Good idea, vote for this for sure!

https://snapshot.org/#/lineardao.eth/proposal/0x196f4dea8e7ac9bdd7c857f48d645952f4d27fdcd83c39ccd9eaa0222c10db37

vote is live

2 Likes

Thanks Captain, voted! :ballot_box:

1 Like

we passed! congrats everyone!

linear exchange continues to grow and change!

2 Likes