Proposals of #180

Trade & Earn rewards points adjustment for epoch ended Oct 26, 2022 (UTC)

Exec Legacy Content
passed
Expected result
Turnout / Quorum
32.26% / 33.40%
Voting start 2022.11.04 at 17:11:50
Voting end 2022.11.08 at 17:11:50
62.30%
11 029 541 inj
Yes
0.00%
164 inj
No
0%
0 inj
Veto
37.70%
6 673 091 inj
Abstain

Details

logo
Proposer
-
Total deposit
500 inj
Submit time
2022.11.04 at 17:11:00
Deposit end time
2022.11.06 at 17:11:00

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. inj15e5zsfxuxwytxjjvp90tq40fayfwr5kf4gkwzj and\n2. inj14d0k95lrlmahmmnj9wdwak520g8kwl7cegf3ed\nThese two address traded with each other 39 times (over 83% of their total trading volume this week) in the BTC/USDT PERP market. Recent transfer history between these addresses suggest they are related. If this proposal does not pass, these addresses stand to receive 170 INJ combined.\n3. inj1wdlkhema9lxackvc0djevm8zp6tkd03wp8zeje,\n4. inj19aecg59phh7e686lelxgshd64rwwec0fssfnju,\n5. inj1t5zlmvewgwse0d289g5t69ghxa7vsht0jtd6ay,\n6. inj150kxrtljg8q8w68v6aq2qcqhvqrsc90fjnerl8,\n7. inj1ajadj8wkjjn7hfjsqrgewcduc2zttvq2w8ph0a,\n8. inj1ma754amq7f58s4r9qlap349hryeeudvwc7l9s5 and\n9. inj1725lsqeaqsmu6v8lw8n4mkvgjtluvg00cv6fwk\nEach of these seven addresses traded with each other at least 150 times (from 52% to 99% of each individual address' total trading volume this week) in the INJ/USDT SPOT market. Recent transfer history between these addresses suggest they are related. If this proposal does not pass, these addresses stand to receive 464 INJ.\nLink to Discussion\nhttps://gov.injective.network/discussion/7452-trade-earn-rewards-points-adjustment-for-epoch-ended-oct-26-2022-utc

Votes

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