Trade & Earn rewards points adjustment for epoch ended Oct 12, 2022 (UTC)
Details
Description
Summary\nThe proposal will help to adjust Trade & Earn points for specific addresses interacting with exchange dApps built on Injective. Specifically, it will set points to zero for addresses that appeared to have traded in a suspicious way for purposes of manipulating the Trade & Earn rewards program.\nBackground\nThe Trade & Earn rewards program was approved by the Injective community to help support the growth of the exchange dApps built on Injective. Since the release of the Program, the community has identified some wallet addresses that have been entering into, or purporting to enter into, transactions that give the appearance that purchases and sales have been made, without incurring market risk or changing the user’s market position, in an attempt to unfairly eke out Program rewards (“Wash Trading”). This behavior detracts from the purpose of the Program, harms the community, and should not be encouraged.\nProposal\nThe following addresses' Trade & Earn rewards points will be adjusted to zero:\n1) inj1psm7dnesasc9k9yl4rkkh6kap7yn6uunjde4sa and\n2) inj1mk2r5e7v8kvq8v9qaderyzzw5qpv8s4a59aynl\nThese two address traded with each other 47 times (over 90% of their total trading volume this week) in the BTC/USDT PERP market. If this proposal does not pass, these addresses stand to receive 348 INJ combined.\n3) inj1t0hwreuaaknxuvt28ydtv3df395gchqhznc8jy\nThis address traded with itself for 31,604 times (99% of their total trading volume this week) in the BTC/USDT PERP market and 16,104 times(98% of their total trading volume this week) in the ETH/USDT PERP market. If this proposal does not pass, this address stands to receive 1,246 INJ.\nLink to Discussion\nhttps://gov.injective.network/discussion/7255-trade-earn-rewards-points-adjustment-for-epoch-ended-oct-12-2022-utc
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