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Proposal #216

Exchange Module Upgrade: Min tick size and margin ratio update for specific markets

PassedBatch Exchange Modification Proposal

Passed on 02 Apr 2023 with 86.6% of the votes for yes.

Yes

86.6%

99.7% without abstain

Veto

0.0%

of votes cast

Ended

02 Apr 2023

The ballotvotes cast · final tally
Yes

86.63%

of votes cast

Abstain

13.14%

of votes cast

No

0.23%

of votes cast

Veto

0.00%

of votes cast

Summary The purpose of this governance proposal is to update the min price tick size of three markets, the min quantity tick size of one market and the initial margin ratio of one market within exchange dApps built on the Injective blockchain. Background Both min price and quantity tick sizes are consistently reviewed by the community to provide an unparalleled trading experience within exchange dApps built on Injective. With time, the community is able to further discern which tick sizes would lead to a better user experience for those interacting with DEXs built on Injective. Proposal This proposal will seek to adjust the min price tick size for the following markets:

  • GF/USDT Spot, from 0.001 to 0.0001
  • STRD/USDT Spot, from 0.001 to 0.0001
  • STX/USDT Perp, from 0.001 to 0.0001 This proposal will seek to adjust the min quantity tick size for the following market:
  • SOMM/USDT Spot, from 10 to 1 This proposal will seek to adjust the initial margin ratio for the following market:
  • ETH/USDT Perp, from 0.195 to 0.095 (which implies max leverage changes from 5x to 10x)

Timeline

  1. Submitted29 Mar 2023
  2. Voting started29 Mar 2023
  3. Voting ended02 Apr 2023
  4. Deposit deadline31 Mar 2023

Proposer

Address
Deposit500000.00B

Rules

Not recorded for this proposal.