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the Injective Universe
What is Injective Protocol?
In short, Injective enables trading of decentralized derivatives. The platform is able to support the trading of any market. Anytime. Anywhere.
Injective is a universal DeFi protocol for cross-chain derivatives trading across a variety of financial products such as perpetual swaps, futures, and spot trading. Current exchanges face the problems of censorship, security risk and high gas fees. Injective is here to provide solutions that can truly revolutionize the industry, with an intuitive user interface, high liquidity, zero gas fees, and access to limitless markets.
Injective provides a vertically integrated infrastructure that allows anyone to create and trade on any derivative market. Injective has released perpetual swaps and expiry futures with more along the way. They have also released the first ever decentralized trading for assets such as forex, stocks, and yield farming derivatives.
Key features of Injective
Trade any asset; crypto, synthetics, NFTs, and more. Create a market using only a price feed and deploy it to the larger injective ecosystem.
Earn referral fees and liquidity mining without the risk.
Zero gas fees
Trade any derivatives market with fast transaction times (1sec/block) and zero gas fees.
The community fully governs injective via a Decentralized Autonomous Organization (DAO).
for the Injective Token (INJ)
The use cases intended for INJ include, but are not limited to, protocol governance, exchange fee value capture, derivative collateralization, liquidity mining, and staking. Further details regarding each of these use cases can be found below.
The INJ token can be used to govern various components of Injective's side-chain including the futures protocol, exchange parameters, and protocol upgrades via a DAO structure.
Exchange Fee Value Capture
After the relayer reward distribution, the exchange fee will undergo an on-chain buy-back-and-burn event to accrue value for the INJ token holders.
Collateral Backing for Derivatives
INJ will be utilized as an alternative to stablecoins as margin and collateral for Injective's derivatives markets. In some futures markets, INJ can also be used for collateral backing or insurance pool staking where stakers can earn interest on their locked tokens.
Exchange Participation Incentives
The foundation plans to incorporate a liquidity mining scheme and distribute a fixed number of INJ tokens daily, weighted by the liquidity each network participant provides.
Tendermint-based Proof-of-Stake (PoS) Security
To ensure the security of Injective's sidechain, Injective will incentivize nodes to stake INJ and participate in the sidechain's network consensus with block rewards in INJ tokens.