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If passed, this proposal will decrease the hourly funding rate caps for the MSFT/USDC PERP, AMZN/USDC PERP, META/USDC PERP, NVDA/USDC PERP, GOOGL/USDC PERP, TSLA/USDC PERP, AAPL/USDC PERP, and PLTR/USDC PERP markets from 0.0625% to 0.00275%, and decrease the hourly funding rate caps for the COIN/USDC PERP, HOOD/USDC PERP, CRCL/USDC PERP, and MSTR/USDC PERP markets from 0.0625% to 0.0055%.

Actions:

• By voting yes on this proposal, you support decreasing the hourly funding rate caps for the markets as described above.
• By voting no on the proposal, you do not support decreasing the hourly funding rate caps for the markets 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.