Proposals of #179

Trade & Earn rewards points adjustment for epoch ended Oct 19, 2022 (UTC)

Exec Legacy Content
passed
Expected result
Turnout / Quorum
42.36% / 33.40%
Voting start 2022.10.27 at 13:10:17
Voting end 2022.10.31 at 12:10:17
60.89%
14 155 442 inj
Yes
0.30%
69 000 inj
No
0%
0 inj
Veto
38.81%
9 023 115 inj
Abstain

Details

logo
Proposer
-
Total deposit
500 inj
Submit time
2022.10.27 at 13:10:37
Deposit end time
2022.10.29 at 13:10:37

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 addresses traded with each other 84 times (over 95% of their total trading volume this week) in the BTC/USDT PERP market. If this proposal does not pass, these addresses stand to receive 489 INJ combined.\n3) inj1t0hwreuaaknxuvt28ydtv3df395gchqhznc8jy\nThis address traded with itself for 2,669 times (99% of their total trading volume this week) in the BTC/USDT PERP market and 4,944 times (82% of their total trading volume this week) in the ETH/USDT PERP market. If this proposal does not pass, this address stand to receive 202 INJ.\nLink to Discussion\nhttps://gov.injective.network/discussion/7315-trade-earn-rewards-points-adjustment-for-epoch-ended-oct-19-2022-utc

Votes

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