Proposals of #172

Trade & Earn Program Reward Multiplier Changes

Exec Legacy Content
passed
Expected result
Turnout / Quorum
26.01% / 33.40%
Voting start 2022.09.26 at 09:09:26
Voting end 2022.09.30 at 09:09:26
79.16%
11 298 161 inj
Yes
0.41%
58 105 inj
No
0%
0 inj
Veto
20.43%
2 915 875 inj
Abstain

Details

logo
Proposer
-
Total deposit
500 inj
Submit time
2022.09.26 at 09:09:28
Deposit end time
2022.09.28 at 09:09:28

Description

Summary\nThe proposal will seek to update the Trade & Earn reward multipliers for 10 markets across Injective exchange dApps\nBackground\nAfter the release of Mainnet v1.6 and the approval of Injective Improvement Proposal 164 (IIP-164), a number of markets on Injective exchange dApps were provided with negative maker fees and maker/taker Trade & Earn reward multipliers of either 1x or 1.5x.\nIt has been 2 months since the adjustment and the liquidity of perpetual markets still have room for improvement. In light of this, Trade & Earn multipliers associated with perp markets should be increased in order to attract more liquidity. Meanwhile, ATOM, INJ and WETH spot markets are the gateway markets for new users and should also have higher multipliers relative to other spot markets.\nProposal\nThis proposal would adjust the Trade & Earn reward maker and taker multipliers to 5x for the following markets:\n- BTC/USDT PERP\n- INJ/USDT PERP\n- ETH/USDT PERP\n- OSMO/USDT PERP\n- STX/USDT PERP\n- BNB/USDT PERP\n- ATOM/USDT PERP\nThis proposal would adjust the Trade & Earn reward maker and taker multipliers to 3x for the following markets:\n- INJ/USDT\n- WETH/USDT\n- ATOM/USDT\nLink to Discussion\nhttps://gov.injective.network/discussion/6887-update-the-trade-earn-multiplier-of-the-following-10-markets

Votes

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