injective

Prop 640: Settle ETH/USDT Perpetual for USDC Migration on Injective Exchange dApps

If passed, this proposal will settle the ETH/USDT PERP market on Injective Exchange dApps as part of the migration to USDC-margined perpetual markets. The settlement price of open positions will be based on the oracle price for this market when the proposal is passed. After settlement, this market will be relaunched as a USDC-margined perpetual market.

Actions:

  • By voting yes on this proposal, you support settling the ETH/USDT PERP market on Injective Exchange dApps.
  • By voting no on the proposal, you do not support settling the ETH/USDT PERP market on Injective Exchange dApps.
  • 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.