Prop 455: Decrease maker fee rebate to 0.5 bps

As a result of increased trading volume and ahead of upcoming trading campaigns, if this proposal passes, the maker fee rebate will be decreased from 0.01% (1 bp) to 0.005% (0.5 bps) in order to increase trading fees allocated to the weekly burn auction. Specifically, the fee for maker trades on Injective will change from -0.01% to -0.005%. The decrease in the maker fee rebate ensures that Injective remains adaptive and resilient. With this latest proposal, Injective aims to continue its trajectory of growth and innovation, ensuring that INJ remains at the forefront of Web3 finance.

Actions:

• By voting YES on this proposal, you agree with decreasing the maker fee rebate to 0.005%.
• By voting NO on the proposal, you do not agree with decreasing the maker fee rebate to 0.005%.
• 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 the total votes, the proposal is rejected and the 100 INJ deposit is burned.
• By voting ABSTAIN, you wish to contribute to the quorum while formally declining to vote either for or against the proposal.

Disclosure: I am a member of the Injective Labs team.