Governance: how listings get voted in

New markets on EquityX aren't decided by an internal committee. They're proposed by stakers and voted in on-chain.

The listing pipeline

1. A staker submits a proposal with the ticker, oracle source, initial fee tier, and reserve parameters.

1. A discussion window opens for community review.

1. Voting opens for a fixed period. Quorum of 5% of staked $EQUITY is required.

1. If quorum is met and majority approves, the market is minted and goes live.

What good proposals look like

• A reputable, low-latency oracle source with clear failover behavior.

• Reserve parameters that make sense for the asset's volatility.

• A clear rationale for why traders will actually use the market.

What gets rejected

• Assets without a defensible price feed.

• Tickers that duplicate an existing listing without a compelling reason.

• Anything that materially raises reserve risk without corresponding upside.