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Injective Protocol

#635

Update Market Params for USDC spot markets on Injective Exchange dApps

Proposal Type: MsgBatchExchangeModification

VOTING

Time Remaining

1 day 1 hour left

Projected Outcome

LIKELY_PASS

Proposal Contents (*the original text from the proposer)

This proposal, if passed, will update the minimum quantity tick size for the USDC/USDT and USDC/USDCnb spot markets on Injective Exchange dApps. The new minimum quantity tick size for each market will be 0.01. The proposal will also change the maker fee rate to 0. All other market parameters will stay the same.

  • By voting yes on this proposal, you support updating the minimum quantity tick size and maker fee rate for the USDC/USDT and USDC/USDCnb spot markets as defined above.
  • By voting no on the proposal, you do not support updating the minimum quantity tick size and maker fee rate for the USDC/USDT and USDC/USDCnb spot markets as defined above.
  • 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.
  • 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.

Voting Snapshot

Status: Quorum Met
(49.12% of the required 33.40%)
Tokens Voted
28,728,469
Yes
21,269,902
74.0%
No
54
0.0%
No With Veto
76
0.0%
Abstain
7,458,437
26.0%

Vox Populi

Community discussions related to the proposal.

There do not appear to be any discussions on this proposal at this time.