Injective Trading Reward Campaign Boost Update Proposal by Citadel.one
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Please leave any comments and thoughts on this proposal here!
Summary
We propose “Trading Reward Campaign Boost Update” to be implemented on Injective DEX.
By voting yes you approve of adding 3x maker and 2x taker boost for the INJ/USDT Spot Market, 3x maker and 1.2x taker for the INJ/USDT PERP Market.Background
Injective Protocol is a decentralized exchange protocol that offers advanced features like cross-chain margin trading, derivatives, forex, synthetics, and futures trading.Motivation
INJ is the native asset of the Injective Chain that has a variety of use cases on the Injective Protocol, which includes providing market-making incentives, governance, and block validator rewards. Thus, we believe it has to be the most liquid market.Users are expected to transfer INJ from centralized exchanges and swap them for USDT they can use for derivative markets and spot markets. That’s why it makes sense to have the INJ markets with the biggest boosts in the Astro incentive program.
Specification
The voting period takes 2 days. -
Great idea! This will defo help with increasing trading volume!
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@kayo Thank you! As Validator,
we're happy to contribute to the Injective ecosystem