Proposal #162
Passed on 12 Jul 2022 with 40.2% of the votes for yes.
Yes
40.2%
98.7% without abstain
Veto
0.0%
of votes cast
Ended
12 Jul 2022
40.22%
of votes cast
59.25%
of votes cast
0.53%
of votes cast
0.00%
of votes cast
Summary Update the trading fee and Trade & Earn multiplier of the following markets Background As part of the Mainnet v1.6, negative maker fee is now a feature supported on Injective. The purpose of negative maker fee is to incentivise traders to post liquidity to the order book. Improving the liquidity of Injective is one of the top requests of the community and this is a step towards achieving that. Meanwhile, in order to encourage takers to participate in markets that have negative maker fees, the Trade & Earn multiplier for both maker and taker should now be the same for these markets. Typically, for a market with a positive maker fee, Trade & Earn multiplier is usually higher for makers as a source of incentive. With negative maker fee, this is no longer required. Proposal This proposal would adjust the maker fee to -0.01%, taker fee to 0.1%, Trade & Earn maker multiplier to 1x and Trade & Earn taker multiplier to 1x for the following markets: