Injective Proposal: #406

Increase max trading leverage for GBP/USDT PERP and EUR/USDT PERP Markets

Status:

Passed

Yes83.1%

Turnout:77.67%

Quorum:33.40%

Yes: 83.1%

37,146,862 INJ

No: 0%

2,569 INJ

No With Veto: 0%

419 INJ

Abstain: 16.9%

7,557,903 INJ

Voting Period

Proposer

inj1adpadycvjcxudy3upwrw6kgf2csh536xrhj7pg

Deposit End

Submit Time

Description

This proposal, if passed, will increase maximum leverage to ~50x on GBP/USDT PERP and EUR/USDT PERP markets. The initial margin ratio will be set to 0.0195, and the maintenance margin ratio will be set to 0.0095.

By voting YES on this proposal, you agree to increase maximum leverage for GBP/USDT PERP and EUR/USDT PERP markets to 50x based on the parameters above.
By voting NO on the proposal, you do not support increasing maximum leverage for GBP/USDT PERP and EUR/USDT PERP markets to 50x based on the parameters above.
By voting NO WITH VETO, you find this proposal to be (1) spam, i.e., irrelevant to the Injective ecosystem, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Injective governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the 500 INJ deposit is burned.
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.