Injective Proposal: #446
Upload Injex Finance Vesting Contract Wasm Code
Turnout:59.44%
Quorum:33.40%
Yes: 30.6%
11,051,894 INJ
No: 7%
2,528,413 INJ
No With Veto: 0%
5,985 INJ
Abstain: 62.4%
22,555,905 INJ
Voting Period
-Proposer
inj15arks2ynvufsumdmgkeaqgdxelsgjr3ggwn3dx
Deposit End
Submit Time
Description
Upload Injex Finance Vesting Contract Wasm Code
Background
Injex Protocol operates by connecting to various DEXes within the Injective Network, aggregates their liquidities, and grants access to its users at the best possible rate with minimal slippage.
Summary
This proposal aims to upload the Injex Finance Vesting Contract for use by the Injex Finance app on Injective. This contract was specifically created for the Injex Finance dApp.
About Injex Finance
Injex Finance, like pioneering liquidity aggregators, primarily focuses on aggregation, but this time specifically on the Injective network through a groundbreaking aggregation protocol. The aggregator represents the development of pre-existing protocols' capabilities and strengthens novel features unique to the Injective Chain. Distribution of trade weights into many liquidity pools simultaneously thereby effectively diminishes the impact of price slippage.
Sale Information
Injex Finance conducted a token sale to raise funds for the continued development and expansion of its protocol. The sale was structured to ensure broad community participation and fair distribution. The funds raised are allocated towards protocol development, liquidity provision, and community incentives, ensuring the long-term sustainability of the Injex ecosystem.
Vesting Connection
The vesting contract will be directly connected with the Injex token (). Users who bought will be able to claim their tokens, further integrating the token into the ecosystem and providing additional utility for token holders.
Contribution to TVL and total growth
The Vesting Contract for the Injex Finance ecosystem aims to significantly boost TVL (Total Value Locked) by enabling other dApps to create token vestings, which can attract more users to the Injective network. Increased TVL provides greater exposure to the protocol and creates a positive cycle of growth, benefiting both users and projects. Furthermore, this enhanced liquidity reduces slippage and supports long-term sustainability when integrated with Injective through the Vesting Contract.
Impact on the Injective Ecosystem
All of this serves to further strengthen the already advantageous effects of the effective integration of the Injex Finance vesting contract, which have a favorable impact on the whole Injective ecosystem. Consequently, it increases TVL and liquidity for Injex Finance, so fortifying the Injective network and fostering more dynamism and interconnectedness that opens up new avenues for cooperation, innovation, and expansion. Improved trading conditions with less slippage are what users in the Injective network stand to gain the most from effective liquidity aggregation and distribution. As demonstrated by its growing usage and the overall success of the ecosystem, this will further establish Injective as one of the leading decentralized exchange networks.
Key details of vesting contract
- Users and projects can set flexible token lock amounts based on their needs, ensuring adaptability for different dApp requirements.
- The vesting contract supports customizable timeframes for token locks, allowing users to define their vesting schedules and manage the gradual release of tokens.
- The vesting contract allows not only but also other tokens in the Injective ecosystem to be locked, supporting a wider range of assets and increasing network flexibility.
Contract Information
Compiler Version: cosmwasm/rust-optimizer:0.12.12
Vesting Checksum
8c0753cc28a6b15ce970eed6c6e72aca83cb1ff24c6709bf4df6c1efa751f277
TL;DR
This proposal is to upload the Injex Finance Vesting Contract on Injective.
Voting Options
- YES: You agree to upload the Injex Finance Vesting Contract as described in this proposal.
- NO: You do not support uploading the Injex Finance Vesting Contract as described in this proposal.
- NO WITH VETO: You find this proposal to be spam/irrelevant/malicious to governance, and you contribute to burning the 100 INJ deposit if NO WITH VETO votes are greater than one-third of the total voting power.
- ABSTAIN: You wish to contribute to the quorum while formally declining to vote either for or against the proposal.