*** Authorize Indexer Performance Upgrade v1.6.1 • Injective Protocol • 0h 0m left *** Security validation for InjHub proposal rendering • Injective Protocol • 0h 0m left *** Migrate ServiceRegistry contract • Axelar Network • 0h 0m left *** Update Oracle Feeds to Pyth Pro for Various Perpetual Markets on Injective Exchange dApps Batch 2 • Stargaze • 0h 0m left *** Allow axelar14vps3ev03zyp2wmj89etx8rrxdxyltfy4rzl5m to upload wasm code • Axelar Network • 0h 0m left *** Set instantiate_default_permission to AnyOfAddresses • Axelar Network • 0h 0m left *** Allow axelar14vps3ev03zyp2wmj89etx8rrxdxyltfy4rzl5m to upload wasm code • Axelar Network • 0h 0m left *** Signaling Proposal: Freeze Hacker Funds and Recustody to a Trusted Distributor at a Later Date • Axelar Network • 0h 0m left *** Recover expired IBC client 07-tendermint-1737 (Osmosis <> Gravity Bridge) • Osmosis • 0h 0m left *** Recover Quicksilver IBC client • Cosmos Hub • 10h 32m left *** Set Minimum Notional for FanPicks (PICKS) • Injective Protocol • 13h 35m left *** Store Bluechip factory.wasm (1 of 3) • Osmosis • 96h left
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Injective Protocol

#667

PASSED

Update Hourly Funding Rate Caps for Various FX Pairs on Injective Exchange dApps

Proposal Type: MsgBatchExchangeModification

Proposal Contents (*the original text from the proposer)

If passed, this proposal will decrease the hourly funding rate caps for the AUDUSD/USDC PERP, EURUSD/USDC PERP, GBPUSD/USDC PERP, NZDUSD/USDC PERP, USDCAD/USDC PERP, USDCHF/USDC PERP, USDHKD/USDC PERP, USDJPY/USDC PERP, USDNOK/USDC PERP, USDSEK/USDC PERP, and USDSGD/USDC PERP markets from 0.0625% to 0.00275%.

This proposal updates only the hourly funding rate cap parameter for the listed FX perpetual markets. All other market parameters will remain unchanged.

Actions:

  • By voting yes on this proposal, you support decreasing the hourly funding rate caps for the listed FX perpetual markets to 0.00275%.
  • By voting no on this proposal, you do not support decreasing the hourly funding rate caps for the listed FX perpetual markets to 0.00275%.
  • By voting no with veto, you find this proposal to be spam/irrelevant/malicious to governance, and contribute to burning the 100 INJ deposit if NoWithVeto votes are greater than one-third 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 Results

Status: Quorum Met
(37.32% of the required 33.40%)
Tokens Voted
20,989,991
Yes
11,273,203
53.7%
No
87
0.0%
No With Veto
3
0.0%
Abstain
9,716,697
46.3%

Vox Populi

Community discussions related to the proposal.

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