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Proposal #493

Launch On-Chain S&P 500 Index

PassedPerpetual Market Launch Proposal

Passed on 10 Feb 2025 with 58.4% of the votes for yes.

Yes

58.4%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

10 Feb 2025

The ballotvotes cast · final tally
Yes

58.35%

of votes cast

Abstain

41.64%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

This proposal intends to create and launch the on-chain S&P 500 Index market.

This proposal, if passed, will launch the SPY/USDT PERP Market across Injective Exchange dApps. Users will be able to trade this market with up to 25X leverage. The initial margin for this perp will be 0.033333, and the maintenance margin will be 0.02, in line with other perps launched in the past.

Actions:

  • By voting YES on this proposal, you support launching the SPY/USDT PERP Market as described above.
  • By voting NO on the proposal, you do not support launching the SPY/USDT PERP Market as described above.
  • By voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious, and support burning the 100 INJ deposit, if No With Veto votes are greater than ⅓ of the total voting power.
  • 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. Submitted06 Feb 2025
  2. Voting started06 Feb 2025
  3. Voting ended10 Feb 2025
  4. Deposit deadline08 Feb 2025

Proposer

Address
inj17vyt…5agf6c
Deposit100000.00B

Rules

Not recorded for this proposal.