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If passed, this proposal updates the oracle for the LIT/USDT PERP market to use a price feed provided by Stork. Transitioning from the current price feed will increase the decentralization of this market. The proposal will also change the initial margin and maintenance margin requirements for the LIT/USDT PERP market to reflect a maximum leverage increase from the current level of 3x to an increased level of 5x.

Actions:

• By voting yes on this proposal, you support updating the oracle for the LIT/USDT PERP market to use a price feed provided by Stork, and support increasing the maximum leverage from 3x to 5x.
• By voting no on the proposal, you do not support updating the oracle for the LIT/USDT PERP market to use a price feed provided by Stork, and do not support increasing the maximum leverage from 3x to 5x.
• By voting no with veto, you find this proposal to be spam/irrelevant/malicious to governance, and contribute to burning the 100 INJ deposit if NoWithVeto 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.