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This proposal, if passed, will increase maximum leverage to 20x on INJ/USDT PERP, BNB/USDT PERP, and XRP/USDT PERP markets. The initial margin ratio will be set to 0.0495, and the maintenance margin ratio will be set to 0.02.

Actions:

• By voting YES on this proposal, you agree to increase maximum leverage for INJ/USDT PERP, BNB/USDT PERP, and XRP/USDT PERP markets to 20x based on the parameters above.
• By voting NO on the proposal, you do not support increasing maximum leverage for INJ/USDT PERP, BNB/USDT PERP, and XRP/USDT PERP markets to 20x 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 the total votes, the proposal is rejected and the 100 INJ deposit is burned.
• By voting ABSTAIN, you wish to contribute to the quorum while formally declining to vote either for or against the proposal.

Disclosure: I am a member of the Injective Labs team.