injective

Prop 679: Update Brent Oracle Feed on Injective Exchange dApps

Brent oracle pricing follows monthly oil futures contract cycles, which require routine transitions from one contract month to the next. To facilitate the next monthly rollover, a SEDA Fast configuration has been prepared for the next roll, with derived feed ID 1e2ab2f51c028cb1aa94a0f2844746578319c7ca8698b26ac8df1421374af928.

If passed, this proposal will update the BRENT/USDC PERP oracle base from the current feed, 283fba68721205bd92233a8c46656c9857402183871a28a4fcfe8a195caaeaea, to the feed that coordinates the next roll, 1e2ab2f51c028cb1aa94a0f2844746578319c7ca8698b26ac8df1421374af928. The market will retain the existing SEDA Fast USDC quote feed, oracle type, and oracle scale factor. All other market parameters will remain unchanged.

Actions:

  • By voting yes on this proposal, you support updating the BRENT/USDC PERP oracle base to the feed described above.
  • By voting no on this proposal, you do not support this oracle feed update.
  • 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 one-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.