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Proposal #406

Increase max trading leverage for GBP/USDT PERP and EUR/USDT PERP Markets

PassedBatch Exchange Modification Proposal

Passed on 14 Jun 2024 with 83.1% of the votes for yes.

Yes

83.1%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

14 Jun 2024

The ballotvotes cast · final tally
Yes

83.09%

of votes cast

Abstain

16.91%

of votes cast

No

0.01%

of votes cast

Veto

0.00%

of votes cast

This proposal, if passed, will increase maximum leverage to ~50x on GBP/USDT PERP and EUR/USDT PERP markets. The initial margin ratio will be set to 0.0195, and the maintenance margin ratio will be set to 0.0095.

  • By voting YES on this proposal, you agree to increase maximum leverage for GBP/USDT PERP and EUR/USDT PERP markets to 50x based on the parameters above.
  • By voting NO on the proposal, you do not support increasing maximum leverage for GBP/USDT PERP and EUR/USDT PERP markets to 50x based on the parameters 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. Submitted10 Jun 2024
  2. Voting started10 Jun 2024
  3. Voting ended14 Jun 2024
  4. Deposit deadline12 Jun 2024

Proposer

Address
inj1adpa…rhj7pg
Deposit100000.00B

Rules

Not recorded for this proposal.