*** 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
Injective Protocol Logo

Injective Protocol

#676

PASSED

Update WTI and Brent Oracle Feeds on Injective Exchange dApps

Proposal Type: MsgBatchExchangeModification

Proposal Contents (*the original text from the proposer)

WTI and Brent oracle pricing follow monthly oil futures contract cycles, which require routine transitions from one contract month to the next. To facilitate these monthly rollovers, SEDA Fast configurations have been prepared for WTI-Aug, with derived feed ID a1052475f6499a22358936d53e4642fc525e52a874090c2d88d7fb5cf5b07ad4, and Brent-Jul, with derived feed ID 283fba68721205bd92233a8c46656c9857402183871a28a4fcfe8a195caaeaea.

If passed, this proposal will update the WTI/USDC PERP oracle base from 5d7b9fdaa7f6d839903e0a52d3c1549e509dc101f7a8180cf2bfbdd537871128 to a1052475f6499a22358936d53e4642fc525e52a874090c2d88d7fb5cf5b07ad4 and update the BRENT/USDC PERP oracle base from 6e962ec02192495d286856c188a13710af7fc5552e4ba1b55164f60e122d63fe to 283fba68721205bd92233a8c46656c9857402183871a28a4fcfe8a195caaeaea. Both markets will retain the existing SEDA Fast USDC quote feed, oracle type, and oracle scale factor. The expedited voting path is requested so both markets can remain aligned with their monthly futures contract cycles. All other market parameters will remain unchanged.

Actions:

  • By voting yes on this proposal, you support updating the WTI/USDC PERP and BRENT/USDC PERP oracle bases to the SEDA Fast feeds described above.
  • By voting no on this proposal, you do not support these WTI and Brent oracle feed updates.
  • 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
(40.89% of the required 33.40%)
Tokens Voted
22,134,532
Yes
15,998,661
72.3%
No
64
0.0%
No With Veto
900
0.0%
Abstain
6,134,906
27.7%

Vox Populi

Community discussions related to the proposal.

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