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Proposal #174

Trade & Earn Rewards Adjustment

PassedText Proposal

Passed on 15 Oct 2022 with 26.7% of the votes for yes.

Yes

26.7%

65.6% without abstain

Veto

0.0%

of votes cast

Ended

15 Oct 2022

The ballotvotes cast · final tally
Yes

26.66%

of votes cast

Abstain

59.34%

of votes cast

No

14.00%

of votes cast

Veto

0.00%

of votes cast

Hello Community Members,

Recently it has come to our attention that few people are actively participating in trade washing and their activities are harmful to injective protocol as a whole and brings direct harm to the community and the market itself.

Down Below I will explain why with a few examples:

  1. They are increasing the spread by simultaneously buying and selling assets making it difficult for DMM to maintain the spread and keep the orderbook as healthy as possible.

  2. They are Draining The Trade & Earn rewards making it less interesting for real traders to move their assets to injective protocol and start trading on its markets.

  3. Their Behavior makes the recent trades list show inhuman (Bot) activity and people that start to discover injective protocol and its orderbook instantly dislike the markets and leave.

Now I Will Share the Addresses Below , I Request that their trade & earn rewards turn to zero so they may not benefit from this Unsportsmanship behaviour and manipulation of market.

List Of Addresses : [Hidden link]

Timeline

  1. Submitted11 Oct 2022
  2. Voting started11 Oct 2022
  3. Voting ended15 Oct 2022
  4. Deposit deadline13 Oct 2022

Proposer

Address
Deposit504000.00B

Rules

Not recorded for this proposal.