injective

Prop 340: Launch LINK/USDT PERP and DOGE/USDT PERP Markets, Relaunch BONK/USDT PERP Market for Injective Exchange dApps

This proposal, if passed, will launch the LINK/USDT PERP and DOGE/USDT PERP markets. In addition, the BONK/USDT PERP market will be relaunched with initial margin ratio of 0.195 and maintenance margin ratio of 0.095, maker/taker fees will be updated to -0.01%/0.1%, and price ticks/quantity ticks will be set to 0.00000001/10000. The oracle will also be updated to use a Pyth price feed.

  • By voting YES on this proposal, you agree to launch/relaunch the perp markets as described above.
  • By voting NO on the proposal, you do not support launching/relaunching the perp markets as described 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 100 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.