injective

Prop 689: 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 the next WTI and Brent contract rollovers.

If passed, this proposal will update the WTI/USDC PERP and BRENT/USDC PERP oracle feeds to coordinate their next monthly rollovers. This proposal will also migrate some SEDA Fast feeds to a lower latency endpoint. The affected markets will continue to use SEDA Fast oracle feeds and retain their existing oracle scale factors. 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 feeds and migrating certain SEDA Fast feeds to a lower latency endpoint as described above.
  • By voting no on this proposal, you do not support these 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.