Injective Proposal: #474

Modify fee tier thresholds and discounts

Status:

Passed

Yes72.6%

Turnout:69.57%

Quorum:33.40%

Yes: 72.6%

28,504,217 INJ

No: 0%

1,001 INJ

No With Veto: 0%

35 INJ

Abstain: 27.4%

10,775,654 INJ

Voting Period

Proposer

inj1adpadycvjcxudy3upwrw6kgf2csh536xrhj7pg

Deposit End

Submit Time

Description

This proposal seeks to change the thresholds and discounts for various fee tiers, which are based on a user's staked INJ and total trading volume over the previous 28 days.

If passed, there will be no changes for fee tier 0 or 1.
The staked INJ threshold for fee tier 2 will decrease from 25 to 5 INJ, but trading volume will stay the same.
The staked INJ threshold for fee tier 3 will decrease from 100 to 10 INJ, but trading volume will stay the same.
The staked INJ threshold for fee tier 4 will decrease from 150 to 50 INJ, but trading volume will stay the same.
The staked INJ threshold for fee tier 5 will decrease from 375 to 100 INJ, but trading volume will stay the same.
The staked INJ threshold for fee tier 6 will decrease from 1000 to 250 INJ, but trading volume will stay the same.
The staked INJ threshold for fee tier 7 will decrease from 2500 to 1000 INJ, but trading volume will stay the same. In addition, the taker discount for tier 7 will increase from 35% to 40%.
The staked INJ threshold for fee tier 8 will decrease from 5000 to 2500 INJ, but trading volume will stay the same. In addition, the taker discount for tier 8 will increase from 40% to 50%.
The staked INJ threshold for fee tier 9 will decrease from 7500 to 5000 INJ, and trading volume will decrease from 100,000,000 to 50,000,000. In addition, the taker discount for tier 9 will increase from 45% to 60%.
Finally, the taker discount for tier 10 will increase from 50% to 70%.
By voting YES on this proposal, you support changing the fee tier thresholds and taker fee discounts.
By voting NO on the proposal, you do not support changing the fee tier thresholds and taker fee discounts
By voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious, and support burning the 100 INJ deposit if No With Veto votes are greater than a 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.

<em>Disclosure: I am a member of the Injective Labs team.</em>