# Executive proposal to deploy two new markets on Arbitrum

**URL:** <https://gov.silo.finance/t/executive-proposal-to-deploy-two-new-markets-on-arbitrum/370>\
**Category:** Arbitrum Executive Proposals\
**Created:** [April 12, 2023, 3:47pm UTC](https://gov.silo.finance/t/executive-proposal-to-deploy-two-new-markets-on-arbitrum/370 "2023-04-12T15:47:04Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![ayham.eth](https://yyz2.discourse-cdn.com/flex032/user_avatar/gov.silo.finance/ayham.eth/32/8_2.png) [@ayham.eth](https://gov.silo.finance/u/ayham.eth)\
**Post date:** [April 12, 2023, 3:47pm UTC](https://gov.silo.finance/t/executive-proposal-to-deploy-two-new-markets-on-arbitrum/370/1 "2023-04-12T15:47:04Z")

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**Proposal**  
Please take a look at this [executive transaction](https://app.safe.global/transactions/tx?id=multisig_0x865A1DA42d512d8854c7b0599c962F67F5A5A9d9_0xcfc53696d5e0680b8faa2527bbaa6ad1fe04a9178153b2025b2347f0e2c3c104&safe=arb1:0x865A1DA42d512d8854c7b0599c962F67F5A5A9d9).

EDIT: [A new transaction replaced the one above.](https://app.safe.global/transactions/tx?id=multisig_0x865A1DA42d512d8854c7b0599c962F%5B%E2%80%A6%5Dcdb81849&safe=arb1:0x865A1DA42d512d8854c7b0599c962F67F5A5A9d9)  
The transaction affects the following changes:

- Deploy two new markets: WBTC; VELA.
- WBTC will use WBTC/USD Chainlink
- VELA will use a Uniswap V3 VELA/ETH oracle. The oracle is vulnerable to manipulation at the moment and therefore the market will not be deployed on the UI until the oracle is initially safe to use.

**Next steps**  
The executive proposal stays unexecuted for at 48H before it is signed into affect.

**Reminder of our Governance process on Arbitrum**

- Create a proposal in #proposal-discussion. Wait 24H before moving forward.
- Run a snapshot vote to gauge consensus and move proposal to execution.
- If a proposal passes, the Core Team publishes an executive proposal in #arbitrum-executive-proposals containing a link - or attachment - to an executable transaction in addition to a description of that the transaction executes.
- The executive proposal stays unexecuted for at least 24H before it is signed into affect. This is 1 day shorter from that on Mainnet. We can also use 2 days if the community prefers that.