Proposals of #340

Launch LINK/USDT PERP and DOGE/USDT PERP Markets, Relaunch BONK/USDT PERP Market for Injective Exchange dApps

Exec Legacy Content
passed
Expected result
Turnout / Quorum
68.79% / 33.40%
Voting start 2024.02.05 at 17:02:51
Voting end 2024.02.09 at 17:02:51
93.83%
35 421 488 inj
Yes
0.01%
4 623 inj
No
0.01%
2 559 inj
Veto
6.15%
2 321 718 inj
Abstain

Details

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Proposer
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Total deposit
100 inj
Submit time
2024.02.05 at 17:02:51
Deposit end time
2024.02.07 at 17:02:51

Description

This proposal, if passed, will launch the LINK/USDT PERP and DOGE/USDT PERP markets. In addition, the BONK/USDT PERP market will be relaunched with initial margin ratio of 0.195 and maintenance margin ratio of 0.095, maker/taker fees will be updated to -0.01%/0.1%, and price ticks/quantity ticks will be set to 0.00000001/10000. The oracle will also be updated to use a Pyth price feed.

  • By voting YES on this proposal, you agree to launch/relaunch the perp markets as described above.
  • By voting NO on the proposal, you do not support launching/relaunching the perp markets as described above.
  • By voting NO WITH VETO, you find this proposal to be (1) spam, i.e., irrelevant to the Injective ecosystem, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Injective governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the 100 INJ deposit is burned.
  • By voting ABSTAIN, you wish to contribute to quorum while formally declining to vote either for or against the proposal.

Disclosure: I am a member of the Injective Labs team.

Votes

Voter
Answer