Update Hourly Funding Rate Caps for Various RWA Perpetuals on Injective Exchange dApps
Injective proposal #715: If passed, this proposal will decrease the hourly funding rate caps for 55 various RWA perpetual markets from 0.0625% to 0.00275%, m...
Yes
39%
No
0%
Abstain
61%
Veto
0%
If passed
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Original Proposal Text
If passed, this proposal will decrease the hourly funding rate caps for 55 various RWA perpetual markets from 0.0625% to 0.00275%, matching the existing equity, ETF, FX and commodity perpetual markets on Injective. This proposal updates only the hourly funding rate cap parameter for these markets. All other market parameters will remain unchanged. This proposal will also settle the VELO/USDC PERP market. The settlement price of open positions will be based on the oracle price for the market when the proposal is passed. Actions: - By voting yes on this proposal, you support decreasing the hourly funding rate caps for the markets as described above and settling the VELO/USDC PERP market. - By voting no on the proposal, you do not support decreasing the hourly funding rate caps for the markets as described above and settling the VELO/USDC PERP market. - By voting no with veto, you find this proposal to be spam/irrelevant/malicious, and support burning the 100 INJ deposit, if No With Veto votes are greater than ⅓ 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.