injective

Prop 503: Decrease hourly funding rate cap for various tradfi markets

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.

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