# OIP: Expanding Onyx Markets to Support More Assets

**URL:** <https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149>\
**Category:** Suggestions\
**Created:** [February 20, 2025, 5:17pm UTC](https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149 "2025-02-20T17:17:32Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![SGF13](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/sgf13/32/41_2.png) [@SGF13](https://community.onyx.org/u/SGF13)\
**Post date:** [February 20, 2025, 5:17pm UTC](https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149/1 "2025-02-20T17:17:32Z")

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OIP: Expanding Onyx Markets to Support More Assets

To enhance liquidity and attract a broader user base, Onyx should enable markets for additional cryptocurrencies across multiple chains. Expanding asset support will increase borrowing/lending opportunities and improve the platform’s competitiveness in the DeFi ecosystem.

Proposal Highlights:

1. Multi-Asset Market Expansion:

- Add support for major assets like SOL, AVAX, MATIC, BNB, DOT, LINK, and stablecoins (DAI, USDC, USDT).
- Integrate governance tokens from top DeFi projects to increase engagement.

1. Risk-Adjusted Collateral Framework:

- Implement a risk-based approach for collateral factors (e.g., lower LTV for volatile assets).
- Use on-chain oracles (e.g., Chainlink) for accurate price feeds.

1. Cross-Chain Liquidity Pools:

- Enable users to supply assets on one chain (Ethereum) and borrow on another (BSC, Polygon, Arbitrum).
- Use a bridge mechanism to facilitate smooth transfers.

1. Incentives & Yield Boosting:

- Offer staking rewards for newly added markets.
- Provide bonus APY to incentivize liquidity providers.

By enabling diverse crypto markets, Onyx can become a more inclusive and scalable lending protocol, attracting a wider range of users and increasing platform TVL.

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**Author:** ![Terra](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/terra/32/35_2.png) [@Terra](https://community.onyx.org/u/Terra)\
**Post date:** [February 20, 2025, 5:34pm UTC](https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149/2 "2025-02-20T17:34:14Z")

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I really miss the onyx market . its been missing from a long time after the hack . Hope devs and whales are thinking over it to bring OIP over it . Thats a great way to bring the Volume back on onyx

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**Author:** ![Nial](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/nial/32/38_2.png) [@Nial](https://community.onyx.org/u/Nial)\
**Post date:** [February 21, 2025, 3:13pm UTC](https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149/3 "2025-02-21T15:13:15Z")

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@OnyxDAO @VtOnyx Any plan of bringing back the onyx market ?

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**Author:** ![Zane](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/zane/32/48_2.png) [@Zane](https://community.onyx.org/u/Zane)\
**Post date:** [February 23, 2025, 5:28pm UTC](https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149/4 "2025-02-23T17:28:06Z")

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May market is getting back on Onyx Ledger chain with Goliath Mainnet

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**Author:** ![BigD](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.onyx.org/bigd/32/51_2.png) [@BigD](https://community.onyx.org/u/BigD)\
**Post date:** [February 23, 2025, 5:33pm UTC](https://community.onyx.org/t/oip-expanding-onyx-markets-to-support-more-assets/2149/5 "2025-02-23T17:33:48Z")

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Correct Bring back BTC and other major caps