695

Active perpetual markets on Injective currently use maker and taker fee rates of 0.000001. The major spot markets included in this proposal currently use taker fee rates of 0.0005, while their maker fee rates are 0, -0.00005, or 0.000001. Aligning these spot market fees with perpetual market fees provides a consistent low-fee structure across Injective's core trading markets.

This proposal, if passed, will set both the maker fee rate and taker fee rate to 0.000001 for the INJ/USDC, INJ/USDT, WETH/USDC, WETH/USDT, ATOM/USDC, USDC/USDT, USDC/USDCnb, hINJ/INJ, stINJ/INJ, HDRO/USDC, and MOTION/INJ spot markets. All other market parameters will remain unchanged.

Actions:

• By voting yes on this proposal, you support setting the maker and taker fee rates to 0.000001 for the spot markets listed above.
• By voting no on this proposal, you do not support setting the maker and taker fee rates to 0.000001 for the spot markets listed 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.