Injective Proposal: #503

Decrease hourly funding rate cap for various tradfi markets

Status:

Passed

Yes66.1%

Turnout:63.61%

Quorum:33.40%

Yes: 66.1%

24,510,562 INJ

No: 0%

360 INJ

No With Veto: 0%

68 INJ

Abstain: 33.9%

12,558,662 INJ

Voting Period

Proposer

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Deposit End

Submit Time

Description

This proposal seeks to decrease the hourly funding rate cap for XAU/USDT PERP, XAG/USDT PERP, GBP/USDT PERP, EUR/USDT PERP, TRADFI/USDT PERP, TTI/USDT PERP, and iNVDA/USDT PERP from 0.0625% to 0.02%.

By voting YES on this proposal, you support decreasing the max hourly funding rate for the aforementioned markets.
By voting NO on the proposal, you do not support decreasing the max hourly funding rate for the aforementioned markets.
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>