injective

Prop 597: Update Hourly Funding Rate Cap for Pre-IPO Perpetuals on Injective Exchange dApps

If passed, this proposal will increase the hourly funding rate cap for the OPENAI/USDT PERP, ANTHROPIC/USDT PERP, and SPACEX/USDT PERP markets from 0.0002275% to 0.0625%.

Actions:

  • By voting yes on this proposal, you support increasing the hourly funding rate cap for the OPENAI/USDT PERP, ANTHROPIC/USDT PERP, and SPACEX/USDT PERP markets from 0.0002275% to 0.0625%
  • By voting no on the proposal, you do not support increasing the hourly funding rate cap for the OPENAI/USDT PERP, ANTHROPIC/USDT PERP, and SPACEX/USDT PERP markets from 0.0002275% to 0.0625%
  • 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 ⅓ 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.