Prop 632: Injective Mainnet Performance Upgrade

This proposal introduces the latest Injective mainnet application binary, delivering targeted upgrades across the native orderbook, exchange module, and network tooling.

The existing position offsetting functionality within the Injective exchange module has now been redesigned into a true Auto-Deleveraging (ADL) mechanism, allowing the module to efficiently handle positions onchain. In addition, minimum notional volume and tick size parameters are extended into synthetic trading pairs, ensuring every synthetic market inherits the same precision and microstructure discipline that govern spot and perpetual venues.

Separately, the Injective auction module is integrating new refinements that enhance execution efficiency and settlement determinism across the weekly INJ burn auction to further enhance the community buybacks.

If passed, this proposal will commit the Injective blockchain to halt at a target block height of 164394000 (approximately 14:00 UTC / 10:00 ET on April 28th, 2026) and resume with the v1.19.0 version of the Injective Chain application binary.

Further details on this release version can be found in the GitHub repo here: https://github.com/InjectiveFoundation/injective-core/releases

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