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Proposal #361

Increase maximum trading leverage for BTC Perp and ETH Perp to 20x

PassedBatch Exchange Modification Proposal

Passed on 22 Mar 2024 with 90.8% of the votes for yes.

Yes

90.8%

99.9% without abstain

Veto

0.1%

of votes cast

Ended

22 Mar 2024

The ballotvotes cast · final tally
Yes

90.82%

of votes cast

Abstain

9.06%

of votes cast

No

0.02%

of votes cast

Veto

0.10%

of votes cast

This proposal, if passed, will increase maximum leverage to 20x on BTC PERP and ETH PERP due to their liquidity. Initial margin for these 20x leveraged token pairs will be 4.95%, with maintenance margin set at 2%.

  • By voting YES on this proposal, you agree to increase maximum leverage for BTC PERP and ETH PERP based on the description above.
  • By voting NO on the proposal, you do not support increasing maximum leverage for BTC PERP and ETH PERP based on the description above.
  • By voting NO WITH VETO, you find this proposal to be (1) spam, i.e., irrelevant to the Injective ecosystem, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Injective governance. If the number of ‘NoWithVeto’ votes is greater than a third of total votes, the proposal is rejected and the 500 INJ deposit is burned.
  • 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.

Timeline

  1. Submitted18 Mar 2024
  2. Voting started18 Mar 2024
  3. Voting ended22 Mar 2024
  4. Deposit deadline20 Mar 2024

Proposer

Address
inj1adpa…rhj7pg
Deposit100000.00B

Rules

Not recorded for this proposal.