The official site of the INJ Army. Made by the community. For the community.
the Injective Universe
What is Injective?
Injective is the first fully decentralized derivatives exchange that enables anyone to access, create, and trade unlimited DeFi markets. Anytime. Anywhere.
Driven by a mission to establish a more free and inclusive financial system, Injective offers one-of-a-kind solutions that are taking the industry by storm. With its intuitive UI, high liquidity, zero gas fees, cross-chain compatibility, and unprecedented access to financial markets, Injective is radically pushing the borders of interoperability and revolutionizing DeFi as we know it.
Over the years Injective has flourished into both a state-of-the-art derivatives exchange ecosystem and a DeFi application-specific layer-one protocol. The synergy between these two spheres helps pave the way into the future of Injective.
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.