*** Welcome to Plebis — explore your favorite projects and proposals *** 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 *** Settle WBD Perpetual and Update PSKY Ticker on Injective Exchange dApps • Injective Protocol • 15h 5m left *** Withdraw Margined-Managed OSMO LST and ETH/BTC Liquidity • Osmosis • 41h left *** Withdraw Static Community Pool Liquidity • Osmosis • 41h left *** Move the 1,227,121 ATOM recovered after the Neutron exploit to the Neutron recovery multisig • Cosmos Hub • 131h left
Injective Protocol Logo

Injective Protocol

#701

PASSED

Injective Meridian Mainnet Upgrade (v1.20.4)

Proposal Type: Software Upgrade

Proposal Contents (*the original text from the proposer)

The Meridian Mainnet Upgrade advances Injective’s position as the premier blockchain for institutional-grade tokenization. It expands support for regulated asset issuance and unified MultiVM markets, laying the foundation for tokenized stocks and real-world assets to be issued, traded, and settled entirely onchain.

Institutional-Grade RWA Issuance

Meridian brings support for regulated token implementations to the Injective EVM, allowing issuers to embed compliance and transfer requirements directly into tokenized products. This creates a purpose-built foundation for compliant RWA launches, tokenized equities, and new financial instruments on Injective.

Unified Tokenized Markets

New MultiVM capabilities enable asset controls to operate consistently across Injective’s native and EVM environments. Support for atomic purchases through the exchange precompile also gives EVM applications more direct access to Injective’s native liquidity and settlement layer.

Native Privacy Platform Testing

Meridian lays the groundwork for privacy-focused infrastructure and introduces early testing of private RFQ transaction flows. These controlled execution environments are designed to give institutions access to onchain liquidity while protecting sensitive trading and order information. The testing introduced with Meridian will prepare Injective for a broader suite of privacy features expected to be implemented in an upcoming chain upgrade.

Resilient Markets and Oracle Performance

The upgrade strengthens market execution, risk controls, transaction signing, and oracle processing. Improved oracle prioritization and relay validation provide more dependable pricing infrastructure for tokenized equities, RWAs, derivatives, and other advanced financial markets.

Together, these capabilities position Injective as the unified network for bringing global financial assets onchain.

If passed, this proposal will commit the Injective blockchain to halt at a target block height of 184394000 (approximately 15:00 UTC / 11:00 EDT on September 24th, 2026) and resume with the 1.20.4 version of the Injective Chain application binary.

Further details on this release version can be found in the GitHub repo here https://github.com/InjectiveFoundation/injective-core/releases

Disclosure: I am a member of the Injective Labs team.

Voting Results

Status: Quorum Not Met
(0.00% of the required 33.40%)
Tokens Voted
26,053,422
Yes
17,765,131
68.2%
No
80,028
0.3%
No With Veto
14
0.0%
Abstain
8,208,248
31.5%

Vox Populi

Community discussions related to the proposal.

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