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If passed, this proposal will decrease the hourly funding rate caps for the AUDUSD/USDC PERP, EURUSD/USDC PERP, GBPUSD/USDC PERP, NZDUSD/USDC PERP, USDCAD/USDC PERP, USDCHF/USDC PERP, USDHKD/USDC PERP, USDJPY/USDC PERP, USDNOK/USDC PERP, USDSEK/USDC PERP, and USDSGD/USDC PERP markets from 0.0625% to 0.00275%.

This proposal updates only the hourly funding rate cap parameter for the listed FX perpetual markets. All other market parameters will remain unchanged.

Actions:

• By voting yes on this proposal, you support decreasing the hourly funding rate caps for the listed FX perpetual markets to 0.00275%.
• By voting no on this proposal, you do not support decreasing the hourly funding rate caps for the listed FX perpetual markets to 0.00275%.
• 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 one-third 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.