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If passed, this proposal updates the oracles for the SIGN/USDT PERP and KAITO/USDT PERP markets to Pyth price feeds. Transitioning from the current price feeds to Pyth price feeds will increase the decentralization of these markets. In addition, this proposal will decrease the hourly funding rate caps for the WTI/USDT PERP and iCRCL/USDT PERP markets from 0.0625% to 0.00275%.

Actions:

• By voting YES on this proposal, you support updating the oracles for the SIGN/USDT PERP and KAITO/USDT PERP markets to Pyth price feeds, and decreasing the hourly funding rate caps for the WTI/USDT PERP and iCRCL/USDT PERP markets from 0.0625% to 0.00275%.
• By voting NO on the proposal, you do not support updating the oracles for the SIGN/USDT PERP and KAITO/USDT PERP markets to Pyth price feeds, and decreasing the hourly funding rate caps for the WTI/USDT PERP and iCRCL/USDT PERP markets from 0.0625% to 0.00275%.
• 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.