injective

Prop 474: Modify fee tier thresholds and discounts

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.

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