Proposals of #563

Update Community Burn Auction Cadence and Whitelist Contribution Contract

Update Params
passed
Expected result
Turnout / Quorum
65.08% / 33.40%
Voting start 2025.09.29 at 20:09:16
Voting end 2025.09.30 at 20:09:16
79.49%
27 802 070 inj
Yes
0.00%
347 inj
No
0.00%
51 inj
Veto
20.51%
7 173 596 inj
Abstain

Details

logo
Proposer
inj1adpadycvjcxudy3up...
Total deposit
500 inj
Submit time
2025.09.29 at 20:09:56
Deposit end time
2025.10.01 at 20:10:56

Description

This proposal seeks to update parameters of the Injective Mainnet related to the community burn auction in order to improve alignment and accessibility for contributors.

<strong>Summary of Changes:</strong>

  • <strong>Auction Cadence:</strong> The cadence of the community burn auction will be changed from <strong>30 days</strong> (introduced via the v1.16.4 upgrade) to <strong>28 days</strong>, ensuring that all future auctions will consistently start on a <strong>Wednesday</strong>.
  • <strong>Whitelisted Contribution Address:</strong> A new whitelisted address will be introduced. This address represents the smart contract that will collect all community contributions, enabling coordinated bidding in the auctions going forward.

<strong>Timeline:</strong>

  • This change will become effective at the <strong>conclusion of the current auction on October 01, 2025 at 15:00 UTC+02:00</strong>.
  • The <strong>next auction will then conclude 28 days later</strong>, thereby establishing the updated cadence.

<strong>Actions:</strong>

  • By voting YES on this proposal, you support changing the community burn auction cadence from 30 days to 28 days and whitelisting the contribution contract to enable coordinated community participation.
  • By voting NO on the proposal, you do not support these changes.
  • By voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious, and support burning the 100 INJ deposit, if such votes are greater than ⅓ of the total voting power.
  • By voting ABSTAIN, you wish to contribute to quorum while formally declining to vote either for or against the proposal.

<em>Disclosure: I am a member of the Injective Labs team.</em>

Votes

Voter
Answer