Prop 581: Reduce Onchain Maker Fee Rebates

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 0.005% (0.5 bps) to 0% in order to increase trading fees allocated to the weekly burn auction.

Specifically, the fee for maker trades on Injective will change from -0.005% to 0%. The decrease in the maker fee rebate ensures that Injective remains adaptive and resilient while continuing to be one of the highest revenue generating chains in the industry today. With this latest proposal, Injective aims to continue its trajectory of growth and innovation, ensuring that INJ remains at the forefront of Web3 finance. This change will be done in waves with the goal of continuing to increase INJ revenues and community buybacks.

Actions:

• By voting yes on this proposal, you agree with decreasing the maker fee rebate to 0% for the pairs listed above.
• By voting no on the proposal, you do not agree with decreasing the maker fee rebate to 0% for the pairs listed above.
• By voting no with veto, you find this proposal to be spam/irrelevant/malicious to governance, and contribute to burning the 100 INJ deposit if NoWithVeto votes are greater than ⅓ of the total voting power.
• 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.