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If passed, this proposal will decrease the hourly funding rate caps for the ABNB/USDC PERP, ADBE/USDC PERP, AFRM/USDC PERP, AI/USDC PERP, AMC/USDC PERP, AMD/USDC PERP, AMGN/USDC PERP, ASML/USDC PERP, AVGO/USDC PERP, AXP/USDC PERP, BABA/USDC PERP, BAC/USDC PERP, BIDU/USDC PERP, BLK/USDC PERP, BX/USDC PERP, BYND/USDC PERP, C/USDC PERP, CHTR/USDC PERP, CME/USDC PERP, CMG/USDC PERP, COST/USDC PERP, CRM/USDC PERP, CRWD/USDC PERP, DELL/USDC PERP, DIS/USDC PERP, DKNG/USDC PERP, ENPH/USDC PERP, FLUT/USDC PERP, FSLR/USDC PERP, GILD/USDC PERP, GME/USDC PERP, GRAB/USDC PERP, GS/USDC PERP, HIMS/USDC PERP, INTC/USDC PERP, ISRG/USDC PERP, JD/USDC PERP, JPM/USDC PERP, KKR/USDC PERP, LLY/USDC PERP, LULU/USDC PERP, and LVS/USDC PERP markets to 0.00275%, and decrease the hourly funding rate cap for the GLXY/USDC PERP market to 0.0055%.

This proposal updates only the hourly funding rate cap parameter for the listed equity perpetual markets. All other market parameters will remain unchanged. This proposal is one of two waves for the broader equity funding cap update set.

Actions:

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