Proposals of #174

Trade & Earn Rewards Adjustment

Exec Legacy Content
passed
Expected result
Turnout / Quorum
27.21% / 33.40%
Voting start 2022.10.11 at 15:10:53
Voting end 2022.10.15 at 15:10:53
26.66%
3 981 011 inj
Yes
14.00%
2 090 396 inj
No
0.00%
21 inj
Veto
59.34%
8 860 566 inj
Abstain

Details

logo
Proposer
-
Total deposit
504 inj
Submit time
2022.10.11 at 11:10:26
Deposit end time
2022.10.13 at 11:10:26

Description

Hello Community Members,

Recently it has come to our attention that few people are actively participating in trade washing and their activities are harmful to injective protocol as a whole and brings direct harm to the community and the market itself.

Down Below I will explain why with a few examples:

  1. They are increasing the spread by simultaneously buying and selling assets making it difficult for DMM to maintain the spread and keep the orderbook as healthy as possible.

  2. They are Draining The Trade & Earn rewards making it less interesting for real traders to move their assets to injective protocol and start trading on its markets.

  3. Their Behavior makes the recent trades list show inhuman (Bot) activity and people that start to discover injective protocol and its orderbook instantly dislike the markets and leave.

Now I Will Share the Addresses Below , I Request that their trade & earn rewards turn to zero so they may not benefit from this Unsportsmanship behaviour and manipulation of market.

List Of Addresses : https://pastebin.com/ft5MBCmL

Votes

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