Injective Veyra vote clears quorum ahead of Nov. 16 close

Injective’s Veyra mainnet upgrade proposal had drawn 21.97 million INJ in voting power, or 39.11% participation, above its 33.4% quorum, while voting remained open on Nov. 15, according to Plebis’ live governance record for Proposal 717.

The tracker recorded 14.53 million INJ in favor, or 66.1% of votes cast, 80,589 against, or 0.4%, and 7.36 million abstaining, or 33.5%. It listed the result as pending; crossing quorum makes the proposal eligible for a valid result, but does not mean it has passed.

Injective’s upgrade tracker identifies Veyra as software version 1.21.0 and links it to Proposal 717. The proposal says the upgrade would expand Injective’s MultiVM architecture with Inter-Blockchain Communication capabilities for moving assets between its Ethereum Virtual Machine environment and the wider interchain ecosystem.

The proposal also calls for request-for-quote infrastructure and expanded atomic-swap functionality, tools intended to support institutional trading and settlement. It describes the changes as groundwork for CypherOS, an upcoming privacy platform; the proposal does not say that Veyra itself launches that platform.

If approved, the network would halt at block 193,145,000 and resume on version 1.21.0, with activation targeted for Nov. 24, according to the proposal. Voting closes Nov. 16 at 4:53 p.m. UTC, when the governance result will determine whether the upgrade proceeds on that schedule.

References

• Plebis’ live governance record for Proposal 717 — pleb.is
• upgrade tracker — chain.injective.network