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If passed, this proposal will decrease the hourly funding rate caps for the ANET/USDC PERP, ARM/USDC PERP, BA/USDC PERP, GD/USDC PERP, IBM/USDC PERP, MRVL/USDC PERP, NIO/USDC PERP, NOC/USDC PERP, OKLO/USDC PERP, RIVN/USDC PERP, RTX/USDC PERP, SMCI/USDC PERP, TRADFI/USDC PERP, TTI/USDC PERP, and XPEV/USDC PERP markets from 0.0625% to 0.00275%.

This proposal updates only the hourly funding rate cap parameter for the listed remaining equity perpetual markets and the TRADFI and TTI equity index exposure 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 equity and equity index exposure perpetual markets to 0.00275%.
• By voting no on this proposal, you do not support decreasing the hourly funding rate caps for the listed equity and equity index exposure 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.