injective

Prop 663: Update Various Oracle Feeds and Exchange Module Params on Injective Exchange dApps

If passed, this proposal will update four active perpetual markets that currently use legacy provider oracle feeds. RKLB/USDC PERP and SPCX/USDC PERP will migrate to SEDA Fast oracle feeds, and TRADFI/USDC PERP and TTI/USDC PERP will migrate to Pyth Pro oracle feeds. All other market parameters will remain unchanged.

This proposal also updates exchange module parameters to set the default derivative maker fee rate to 0.000001, set the default derivative taker fee rate to 0.000001, set the default spot maker fee rate to 0.000001, and leave the default spot taker fee rate unchanged. It also adds three addresses to the white-knight liquidator allowlist. The existing white-knight liquidator allowlist and all other exchange module parameters are otherwise preserved.

Actions:

  • By voting yes on this proposal, you support updating the oracle feeds and exchange module params as described above.
  • By voting no on this proposal, you do not support updating the oracle feeds and exchange module params as described above.
  • By voting no with veto, you find this proposal to be spam/irrelevant/malicious to governance, and support 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.