Re-enable and Update ETH/USDT PERP Market
passed
Expected result
—
Turnout / Quorum
8.81% / 33.40%
16.92%
817 608 inj
Yes
0.00%
142 inj
No
0%
0 inj
Veto
83.08%
4 014 610 inj
Abstain
Details
Proposer
-
Total deposit
500 inj
Submit time
2021.12.17 at 21:12:23
Deposit end time
2021.12.19 at 21:12:23
Description
This proposal will re-activate the ETH/USDT PERP market with an updated initial margin ratio requirement to 19.5%. This new initial margin ratio will result in an effective initial max leverage of 5x which will help to ensure that liquidations are minimized. Since the vast majority of users never use more than 5x leverage, there should be no major hindrance on trading activities. In the future, a follow on proposal can be created to increase the leverage back to 10x and beyond.
Votes
Voter
Answer