injective

Prop 515: Decrease hourly funding rate cap for various RWA markets

This proposal seeks to decrease hourly funding rate cap for iMCD/USDT PERP, iMSTR/USDT PERP, iGOOGL/USDT PERP, iTSLA/USDT PERP, iHOOD/USDT PERP, iCOIN/USDT PERP, and AIX/USDT PERP from 0.0625% to 0.00275%, and the 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 0.02% to 0.00275%

  • 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.