Proposals of #221

Injective Exchange dApp Update: Market Parameter Changes

Exec Legacy Content
passed
Expected result
Turnout / Quorum
54.49% / 33.40%
Voting start 2023.04.21 at 11:04:17
Voting end 2023.04.25 at 11:04:17
89.14%
26 653 132 inj
Yes
0.21%
64 117 inj
No
0%
0 inj
Veto
10.65%
3 184 617 inj
Abstain

Details

logo
Proposer
-
Total deposit
500 inj
Submit time
2023.04.21 at 11:04:44
Deposit end time
2023.04.23 at 11:04:44

Description

Summary\nThis proposal updates the BTC/USDT perp maintenance margin ratio and price/quantity tick sizes for certain markets.\nBackground\nThe community has expressed the desire to lower the BTC/USDT perp maintenance margin ratio and price/quantity tick sizes for three markets. A lower maintenance margin ratio means that, theoretically, a user with a position in the Injective Exchange dApp Ecosystem will be less likely to be liquidated.\nProposal\nThis proposal, if approved, will update:\nThe BTC/USDT perp market maintenance margin ratio from 5% to 2.5%. \nThe WMATIC/USDC spot market quantity tick size from 0.0001 to 0.1\nThe WETH/USDT spot market price tick size from 0.001 to 0.01\nThe ATOM/USDT spot market price tick size from 0.01 to 0.001

Votes

Voter
Answer