Trade & Earn rewards points adjustment for epoch ended Nov 2, 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. inj1wdlkhema9lxackvc0djevm8zp6tkd03wp8zeje,\n2. inj19aecg59phh7e686lelxgshd64rwwec0fssfnju,\n3. inj1t5zlmvewgwse0d289g5t69ghxa7vsht0jtd6ay,\n4. inj150kxrtljg8q8w68v6aq2qcqhvqrsc90fjnerl8,\n5. inj1ajadj8wkjjn7hfjsqrgewcduc2zttvq2w8ph0a,\n6. inj1ma754amq7f58s4r9qlap349hryeeudvwc7l9s5 and\n7. inj1725lsqeaqsmu6v8lw8n4mkvgjtluvg00cv6fwk\nEach of these seven addresses traded with each other at least 150 times (from 45% to 95% 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 1,160 INJ.\nLink to Discussion\nhttps://gov.injective.network/discussion/7628-trade-earn-rewards-points-adjustment-for-epoch-ended-nov-2-2022-utc
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