Proposals of #216

Exchange Module Upgrade: Min tick size and margin ratio update for specific markets

Exec Legacy Content
passed
Expected result
Turnout / Quorum
50.39% / 33.40%
Voting start 2023.03.29 at 13:03:41
Voting end 2023.04.02 at 13:04:41
86.63%
23 952 499 inj
Yes
0.23%
63 566 inj
No
0%
0 inj
Veto
13.14%
3 633 879 inj
Abstain

Details

logo
Proposer
-
Total deposit
500 inj
Submit time
2023.03.29 at 13:03:28
Deposit end time
2023.03.31 at 13:03:28

Description

Summary\nThe purpose of this governance proposal is to update the min price tick size of three markets, the min quantity tick size of one market and the initial margin ratio of one market within exchange dApps built on the Injective blockchain.\nBackground\nBoth min price and quantity tick sizes are consistently reviewed by the community to provide an unparalleled trading experience within exchange dApps built on Injective. With time, the community is able to further discern which tick sizes would lead to a better user experience for those interacting with DEXs built on Injective.\nProposal\nThis proposal will seek to adjust the min price tick size for the following markets:\n- GF/USDT Spot, from 0.001 to 0.0001\n- STRD/USDT Spot, from 0.001 to 0.0001\n- STX/USDT Perp, from 0.001 to 0.0001\nThis proposal will seek to adjust the min quantity tick size for the following market:\n- SOMM/USDT Spot, from 10 to 1\nThis proposal will seek to adjust the initial margin ratio for the following market:\n- ETH/USDT Perp, from 0.195 to 0.095 (which implies max leverage changes from 5x to 10x)

Votes

Voter
Answer