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Dear Secret community!

We decided to vote NO on proposal #56 due to the number of concerns as we believe this proposal is unreasonable in multiple ways.

We doubt there is a need for such a large hardware investment considering all the cons it brings compared to outsourcing (rent):

1. There are multiple scenarios when renting is a much better option. Currently there is simply not enough demand for such a number of nodes. Eventually it will come in the future, however hardware requirements may be different in due time (like new generation of processors).
2. Rent is a more agile option allowing to reflect real demand dynamically.
3. Besides, it removes the need for hosting support expenses which we can easily see as the next proposal.
4. Assuming SCRT price will increase, paying renting fees on quartelly (or any other time adjusted basis) is a more capital efficient option.

Finally, we believe this proposal will lead to the unnecessary centralisation of hosting power in the hands of one entity.

Sincerely yours

Citadel.one team

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.