Prop 307: Close Inactive Market (stATOM Short)

Summary

This proposal concerns the closure of the stATOM short market, which has remained inactive and is no longer serving user demand within the Nolus money market. The closure process is structured to ensure the safe return of user funds and to streamline the protocol by retiring underutilized components.

The action will proceed in two steps: 1. Automatic Return of Deposits: The existing deposits, currently amounting to roughly $570, will be automatically distributed back to the corresponding lenders. This guarantees that all users are made whole and that no funds remain in the lending pool. 2. Market Closure: Following the distribution of funds, the stATOM short market will be fully closed. Users will no longer be able to deposit into the lending pool or open margin short positions against stATOM.

This measure eliminates maintenance overhead for an inactive market and prepares the protocol for focusing resources on active and strategically valuable markets.

By voting "YES" on this proposal, you consent to the automatic distribution of remaining stATOM short deposits to lenders and the full closure of the stATOM short market as a follow-up action.