This proposal seeks to update parameters of the Injective Mainnet related to the community burn auction in order to improve alignment and accessibility for contributors.
Summary of Changes:
- Auction Cadence: The cadence of the community burn auction will be changed from 30 days (introduced via the v1.16.4 upgrade) to 28 days, ensuring that all future auctions will consistently start on a Wednesday.
- Whitelisted Contribution Address: A new whitelisted address will be introduced. This address represents the smart contract that will collect all community contributions, enabling coordinated bidding in the auctions going forward.
Timeline:
- This change will become effective at the conclusion of the current auction on October 01, 2025 at 15:00 UTC+02:00.
- The next auction will then conclude 28 days later, thereby establishing the updated cadence.
Actions:
- By voting YES on this proposal, you support changing the community burn auction cadence from 30 days to 28 days and whitelisting the contribution contract to enable coordinated community participation.
- By voting NO on the proposal, you do not support these changes.
- By voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious, and support burning the 100 INJ deposit, if such 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.
