Proposal #88
Passed on 20 Dec 2021 with 11.0% of the votes for yes.
Yes
11.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
20 Dec 2021
11.03%
of votes cast
88.97%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
Around December 14th 21:51 PM UTC, the Band oracle reported irregular prices for the USDT price feed, which impacted several perpetual markets on Injective. While Band oracles utilize the median of price feeds from multiple sources, multiple data sources similarly reported incorrect data, causing the median used in the price calculation to be incorrect.
44 positions that surpassed a certain level of leverage were affected. This proposal is to grant USDT to addresses based on margins and PNL lost as a result of this incident. An improvement on the price source diversity and robustness has been enacted by band. Full list and detail can be found here:[Hidden link]
In a follow up proposal, a grant distributing to subaccount balance losses will also be proposed for distribution.