injective

Prop 687: Increase MRNA/USDC PERP Open Interest Cap on Injective Exchange dApps

If passed, this proposal will increase the open interest cap for the MRNA/USDC PERP market from $250,000 to $1,000,000. All other market parameters will remain unchanged.

This proposal updates only the MRNA/USDC PERP open notional cap, allowing up to $1,000,000 in aggregate open notional for the market.

Actions:

  • By voting yes on this proposal, you support increasing the MRNA/USDC PERP open interest cap to $1,000,000.
  • By voting no on this proposal, you do not support increasing the MRNA/USDC PERP open interest cap to $1,000,000.
  • By voting no with veto, you find this proposal to be spam/irrelevant/malicious to governance, and support 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.