Proposal Details

Proposal #471

Passed

Proposal title

Increase max trading leverage for various perp markets

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

74.97%

Proposal #471 description

This proposal, if passed, will implement a comprehensive adjustment to leverage and margin requirements across multiple perpetual futures markets. For BTC/USDT PERP and ETH/USDT PERP, maximum leverage will increase from 20x to 50x, with the initial margin ratio set to 0.019231 and maintenance margin ratio to 0.01. The EUR/USDT PERP and GBP/USDT PERP markets will see their maximum leverage increased from 50x to 100x, with initial margin ratio adjusted to 0.009901 and maintenance margin ratio to 0.005. For XAU/USDT PERP and XAG/USDT PERP, maximum leverage will increase from 10x to 50x, with initial margin ratio set to 0.019231 and maintenance margin ratio to 0.01. A group of markets including SOL/USDT PERP, BNB/USDT PERP, FTM/USDT PERP, APT/USDT PERP, XRP/USDT PERP, AAVE/USDT PERP, INJ/USDT PERP, and STX/USDT PERP will have their maximum leverage increased from 20x to 25x (SOL from 10x to 25x), with initial margin ratio set to 0.033333 and maintenance margin ratio to 0.02. Finally, for LINK/USDT PERP, MKR/USDT PERP, SUI/USDT PERP, WIF/USDT PERP, SEI/USDT PERP, AVAX/USDT PERP, OP/USDT PERP, ARB/USDT PERP, DOGE/USDT PERP, and W/USDT PERP, maximum leverage will be standardized to 10x (from their current varying levels of 5x, 20x, or 3x), with initial margin ratio set to 0.083333 and maintenance margin ratio to 0.05. Additionally, JUP/USDT PERP, OMNI/USDT PERP, ZRO/USDT PERP, PYTH/USDT PERP, and TIA/USDT PERP will have their maximum leverage increased to 5x (from their current level of 3x), with initial margin ratio set to 0.181818 and maintenance margin ratio to 0.1. In addition, the maker fee rebate for PENGU/USDT PERP will be reduced by half, specifically, the maker fee will change from -0.01% to -0.005%.

  • By voting
    YES
    on this proposal, you support changing the maximum leverage for various perp markets based on the parameters above.
  • By voting
    NO
    on the proposal, you do not support changing the maximum leverage for various perp markets based on the parameters above.
  • By voting
    NO WITH VETO
    , you find this proposal to be (1) spam, i.e., irrelevant to the Injective ecosystem, (2) disproportionately infringes on minority interests, or (3) violates or encourages violation of the rules of engagement as currently set out by Injective governance. If the number of
    NoWithVeto
    votes is greater than a third of total votes, the proposal is rejected and the 100 INJ deposit is burned.
  • 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.

Proposal #471 overview

Total votes
3,191
Voters
3,182
Total deposit
100 INJ

Proposal #471 votes

#

Validator

Account Address

Options
1Stakewolle.com | Auto-compoundYes
2gumiYes
3Talis ProtocolYes
4Ledger by Chorus OneAbstain
5Chorus OneYes
6Dora FactoryYes
7KeplrYes
8Coinage x DAICAbstain
9Cosmic Validator | Top Uptime & Auto-compoundYes
10CrosnestYes
11Informal SystemsYes
12TokenStation.appYes
13NTT DigitalAbstain
14EverstakeYes
15DecentrioAbstain
16ForboleYes
17CosmostationYes
18SCV-SecurityYes
19White WhaleYes
20StakecitoYes
21AllnodesYes
22ECO Stake ๐ŸŒฑ | REStake.appYes
23POSTHUMAN ๐Ÿงฌ StakeDropYes
24Citadel.oneYes
25TwinstakeAbstain
26Smart Stake ๐Ÿ“ˆ๐Ÿ“ŠAbstain
27kingnodes ๐Ÿ‘‘Yes
28Golden Ratio StakingAbstain
29Imperator.coYes
30FelixYes
31Hoss Army by 01nodeYes
32Neptune FoundationYes
33Trust NodesAbstain
34Hex TechnologiesAbstain
35KilnYes
36Oni | Stake for BoostDropโ„ข ๐Ÿš€Yes
37polkachu.comYes
38HighStakes.ch | Daily AirdropsYes
39PFC - Plan For ChaosYes
40AutoStake ๐Ÿ›ก๏ธ Slash ProtectedYes
41Dojo | Delegate for AirdropAbstain
42PartnerStaking | Timeworx.io AirdropYes
43A41Yes
44B-HarvestYes
45KrakenAbstain

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