Proposals of #193

Trade & Earn rewards points adjustment for epoch ended Dec 7, 2022 (UTC)

Exec Legacy Content
rejected
Expected result
Turnout / Quorum
33.80% / 33.40%
Voting start 2022.12.16 at 17:12:07
Voting end 2022.12.20 at 17:12:07
11.08%
2 055 346 inj
Yes
81.37%
15 093 158 inj
No
0.17%
32 312 inj
Veto
7.38%
1 368 524 inj
Abstain

Details

logo
Proposer
-
Total deposit
500 inj
Submit time
2022.12.16 at 17:12:06
Deposit end time
2022.12.18 at 17:12:06

Description

\nSummary\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. inj1xp35hx306jlx8dt3a54n4qzxkg5aen3fzj4vfj\nThis address traded with itself 7 times (75% of its total trading volume this week) in the BTC/USDT PERP market. If this proposal does not pass, this address stands to receive 140 INJ.\n2. inj19al7lkddepvx9yh76u98fp326ewmct7jnvacdn\nThis address traded with itself 50 times and 581 times with its related addresses (70% of its total trading volume this week) in the ETH/USDT PERP market. If this proposal does not pass, this address stands to receive 975 INJ.\n3. inj1drvh6u2gqfs9uhwzhrtj4r8mfc6jythhqyjc9cThis address traded with itself 56 times and 363 times with its related addresses (62% of its total trading volume this week) in the BTC/USDT PERP market. If this proposal does not pass, this address stands to receive 823 INJ.

Votes

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