injective

Prop 676: Update WTI and Brent Oracle Feeds on Injective Exchange dApps

WTI and Brent oracle pricing follow monthly oil futures contract cycles, which require routine transitions from one contract month to the next. To facilitate these monthly rollovers, SEDA Fast configurations have been prepared for WTI-Aug, with derived feed ID a1052475f6499a22358936d53e4642fc525e52a874090c2d88d7fb5cf5b07ad4, and Brent-Jul, with derived feed ID 283fba68721205bd92233a8c46656c9857402183871a28a4fcfe8a195caaeaea.

If passed, this proposal will update the WTI/USDC PERP oracle base from 5d7b9fdaa7f6d839903e0a52d3c1549e509dc101f7a8180cf2bfbdd537871128 to a1052475f6499a22358936d53e4642fc525e52a874090c2d88d7fb5cf5b07ad4 and update the BRENT/USDC PERP oracle base from 6e962ec02192495d286856c188a13710af7fc5552e4ba1b55164f60e122d63fe to 283fba68721205bd92233a8c46656c9857402183871a28a4fcfe8a195caaeaea. Both markets will retain the existing SEDA Fast USDC quote feed, oracle type, and oracle scale factor. The expedited voting path is requested so both markets can remain aligned with their monthly futures contract cycles. All other market parameters will remain unchanged.

Actions:

  • By voting yes on this proposal, you support updating the WTI/USDC PERP and BRENT/USDC PERP oracle bases to the SEDA Fast feeds described above.
  • By voting no on this proposal, you do not support these WTI and Brent oracle feed updates.
  • 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.