Proposals of #493

Launch On-Chain S&P 500 Index

Exec Legacy Content
passed
Expected result
Turnout / Quorum
77.04% / 33.40%
Voting start 2025.02.06 at 14:02:11
Voting end 2025.02.10 at 14:02:11
58.35%
24 669 035 inj
Yes
0.00%
343 inj
No
0.00%
133 inj
Veto
41.64%
17 605 247 inj
Abstain

Details

logo
Proposer
inj17vytdwqczqz72j65s...
Total deposit
100 inj
Submit time
2025.02.06 at 14:02:43
Deposit end time
2025.02.08 at 14:02:43

Description

This proposal intends to create and launch the on-chain S&P 500 Index market.\n\nThis proposal, if passed, will launch the SPY/USDT PERP Market across Injective Exchange dApps. Users will be able to trade this market with up to 25X leverage. The initial margin for this perp will be 0.033333, and the maintenance margin will be 0.02, in line with other perps launched in the past.\n\n<strong>Actions:</strong>\n\n- By voting YES on this proposal, you support launching the SPY/USDT PERP Market as described above.\n- By voting NO on the proposal, you do not support launching the SPY/USDT PERP Market as described above.\n- By voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious, and support burning the 100 INJ deposit, if No With Veto votes are greater than ⅓ of the total voting power.\n- By voting ABSTAIN, you wish to contribute to quorum while formally declining to vote either for or against the proposal.\n\n<em>Disclosure: I am a member of the Injective Labs team.</em>

Votes

Voter
Answer