Difference between revisions of "Injective Protocol (INJ)"

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[https://injectiveprotocol.com/ Injective Protocol] is a fully [[decentralized]] [[Layer Two|layer-2]] [[Decentralized Exchange (DEX)|DEX]] protocol built for the next generation of decentralized [[derivatives]] exchange. The Injective Chain is a [[Ignite (Company)|Tendermint]]-based IBC-compatible [[blockchain]] that supports a decentralized orderbook-based DEX protocol and a [[trustless]] [[ERC20 tokens|ERC-20 token]] [[bridge]] to the [[Ethereum (ETH)|Ethereum]] blockchain.
==Basics ==
==Basics ==
* Based in:
* Based in:
*Founded in: [https://research.binance.com/en/projects/injective-protocol 2018, Q3]
*Founded in: [https://research.binance.com/en/projects/injective-protocol 2018, Q3]
* Their main offering of a DEX is not live yet (19-10-2020), you can sign up on their [https://injectiveprotocol.com/ecosystem/ waitlist].
* Their main offering of a DEX is not live yet (19-10-2020), you can sign up on their [https://injectiveprotocol.com/ecosystem/ waitlist].
* Canary Chain release: 30-6-2021. Dubbed the "Canary Chain", Injective Protocol currently only supports the Peggy Bridge, [[Proof-of-Stake (PoS)|staking]], governance, the [[oracle]] module, and the insurance fund.  
* Canary Chain release: 30-6-2021. Dubbed the "Canary Chain", Injective Protocol currently only supports the Peggy [[Bridge]], [[Proof-of-Stake (PoS)|staking]], governance, the [[oracle]] module, and the insurance fund.  
*Mainnet Canary Chain: Spot Trading [https://blog.injectiveprotocol.com/mainnet-canary-chain-spot-trading-launch/ Launch] (28-7-2021).
*Mainnet Canary Chain: Spot Trading [https://blog.injectiveprotocol.com/mainnet-canary-chain-spot-trading-launch/ Launch] (28-7-2021).
*[[Mainnet]] release: [https://decrypt.co/86185/defi-derivatives-project-injective-protocol-launches-mainnet-120m-incentive-program?utm_source=telegram&utm_medium=social&utm_campaign=smt 17-11-2021]
*[[Mainnet]] release: [https://decrypt.co/86185/defi-derivatives-project-injective-protocol-launches-mainnet-120m-incentive-program?utm_source=telegram&utm_medium=social&utm_campaign=smt 17-11-2021]
* A [[Layer Two|L2]] [[decentralized]] [[derivatives]] exchange protocol incubated by [[Binance]] Labs.
* A [[Layer Two|L2]] [[decentralized]] [[derivatives]] exchange protocol incubated by [[Binance]] Labs.
* [https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ From] [[Crypto Briefing]] (14-10-2020):
 
*[https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ From] [[Crypto Briefing]] (14-10-2020):
"''[https://injectiveprotocol.com/ Injective Protocol] is building an environment for builders to erect powerful [[DEXs|DEXes]] capable of derivatives products. Ethereum traders seeking a decentralized alternative to leaders like [[Uniswap]], plus more complex trading products, may find Injective's value proposition enticing.  Disclosure: One or more members of the Crypto Briefing Management team are investors in Injective Protocol."''
"''[https://injectiveprotocol.com/ Injective Protocol] is building an environment for builders to erect powerful [[DEXs|DEXes]] capable of derivatives products. Ethereum traders seeking a decentralized alternative to leaders like [[Uniswap]], plus more complex trading products, may find Injective's value proposition enticing.  Disclosure: One or more members of the Crypto Briefing Management team are investors in Injective Protocol."''
== History ==
== History ==
== Audits & Exploits ==
== Audits & Exploits ==
Line 32: Line 33:
{| class="jsx-540937487"
{| class="jsx-540937487"
|Binance Launchpad Sale
|Binance Launchpad Sale
|9.00% of the total token supply
|9.00% of the total [[token]] supply
|-
|-
|Seed Sale
|[[Seed]] Sale
|6.00% of the total token supply
|6.00% of the total token supply
|-
|-
Line 54: Line 55:


=== Utility ===
=== Utility ===
* [[Node]] operators earn fees for routing and matching orders.  
* [[Node]] operators [[earn]] [[fees]] for routing and matching orders.  
* [https://research.binance.com/en/projects/injective-protocolAccording According] (12-10-2020) to [[Binance]] Research: [[Governance]], exchange fee has buy-back-and-[[burn]] and [[staking]].
* [https://research.binance.com/en/projects/injective-protocolAccording According] (12-10-2020) to [[Binance]] Research: [[Governance]], exchange fee has buy-back-and-[[burn]] and [[staking]].
* More can be read in their [https://docs.injectiveprotocol.com/#token-economics tokenomics] section of their documents (19-10-2020).
* More can be read in their [https://docs.injectiveprotocol.com/#token-economics tokenomics] section of their documents (19-10-2020).
*[https://medium.com/citadel-one/injective-protocol-faq-bd4bbe64915b From] [[Paradigm|Citadel One]] (12-7-2021):
*[https://medium.com/citadel-one/injective-protocol-faq-bd4bbe64915b From] [[Paradigm|Citadel One]] (12-7-2021):


''"Protocol governance, Exchange fee value capture, Derivative collateralization, Liquidity mining, Staking."''
''"Protocol governance, Exchange fee value capture, Derivative collateralization, [[Liquidity]] [[mining]], Staking."''


=== Token Details ===
=== Token Details ===
Line 76: Line 77:
=== How it works ===
=== How it works ===
* [https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ From] [[Crypto Briefing]] (14-10-2020):
* [https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ From] [[Crypto Briefing]] (14-10-2020):
''"Injective’s architecture isn’t an automated market maker ([[AMM]]). Instead, it leverages a key feature from [[0x]] protocol and is order book-based. In the Injective environment, [[relayers]] are replaced by [[nodes]]. Node operators earn fees for routing and matching orders. And like 0x relayers, node operators could each be independent DEXes within a larger network."''
''"Injective’s architecture isn’t an automated market [[maker]] ([[AMM]]). Instead, it leverages a key feature from [[0x]] protocol and is order book-based. In the Injective environment, [[relayers]] are replaced by [[nodes]]. Node operators earn fees for routing and matching orders. And like 0x relayers, node operators could each be independent DEXes within a larger network."''
* Injective Protocol is [https://research.binance.com/en/projects/injective-protocol comprised] of four principal components (12-10-2020):
* Injective Protocol is [https://research.binance.com/en/projects/injective-protocol comprised] of four principal components (12-10-2020):
# ''"Injective Chain''
# ''"Injective Chain''
Line 87: Line 88:
=== Upgrades ===
=== Upgrades ===


* Dubbed the "Canary Chain", Injective Protocol currently (7-2021) only supports the Peggy Bridge, [[Proof-of-Stake (PoS)|staking]], governance, the [[oracle]] module, and the insurance fund.  
* [https://blog.injective.com/mainnet-chain-upgrade-smart-contracts-are-now-live-on-injective/ Launched] its multichain CosmWasm smart contracts (7-2022).
*A list on it's 2021 achievements can be viewed [https://medium.com/citadel-one/injective-overview-a00ea7796f7b here] (4-3-2022). It includes testnets, partnerships and funding rounds. ''"Injective burn auctions [https://twitter.com/InjectiveLabs/status/1469156414912446470?s=20 begin] (12-2021) and over $700,000 worth of INJ is [[burned]] in less than a month"''
*Dubbed the "Canary Chain", Injective Protocol currently (7-2021) only supports the Peggy Bridge, [[Proof-of-Stake (PoS)|staking]], governance, the [[oracle]] module, and the insurance fund.  


=== Staking ===
=== Staking ===
Line 108: Line 111:
=== Interoperability ===
=== Interoperability ===
* [https://research.binance.com/en/projects/injective-protocol From] Binance Research (12-10-2020):
* [https://research.binance.com/en/projects/injective-protocol From] Binance Research (12-10-2020):
"''The Injective Chain provides a two-way [[Ethereum]] peg-zone for ETH and [[ERC-20]] tokens to be transferred to the Injective Chain as well as an [[EVM]]-compatible execution environment for [[DeFi]] applications. The peg-zone is based on [https://blog.cosmos.network/the-internet-of-blockchains-how-cosmos-does-interoperability-starting-with-the-ethereum-peg-zone-8744d4d2bc3f Peggy] and the EVM execution is based on Ethermint."''
"''The Injective Chain provides a two-way [[Ethereum]] peg-zone for ETH and [[ERC-20]] [[tokens]] to be transferred to the Injective Chain as well as an [[EVM]]-compatible execution environment for [[DeFi]] applications. The peg-zone is based on [https://blog.cosmos.network/the-internet-of-blockchains-how-cosmos-does-interoperability-starting-with-the-ethereum-peg-zone-8744d4d2bc3f Peggy] and the EVM execution is based on [[Ethermint]]."''
* [https://medium.com/paradigm-fund/state-of-stake-vol-35-871ff5d42f2c From] [[State of Stake]] (29-10-2020):
* [https://medium.com/paradigm-fund/state-of-stake-vol-35-871ff5d42f2c From] [[State of Stake]] (29-10-2020):
"''Injective [https://medium.com/injective-labs/injective-integrates-with-polkadot-to-expand-its-decentralized-cross-chain-derivatives-trading-603afcda4bda integrates] with [[Polkadot]] to expand Injective’s decentralized [[cross-chain]] trading capabilities — it’s made possible by Moonbeam, which provides an Ethereum-compatible smart contract platform powered by Polkadot that makes it easy to build natively interoperable applications."''
"''Injective [https://medium.com/injective-labs/injective-integrates-with-polkadot-to-expand-its-decentralized-cross-chain-derivatives-trading-603afcda4bda integrates] with [[Polkadot]] to expand Injective’s decentralized [[cross-chain]] trading capabilities — it’s made possible by Moonbeam, which provides an Ethereum-compatible smart [[contract]] platform powered by Polkadot that makes it easy to build natively interoperable applications."''


* [https://medium.com/paradigm-fund/c%C3%B8smos-network-the-internet-of-blockchains-is-here-demystifying-ethermint-althea-testnet-1-a18e706efcec From] [[Paradigm]] (24-2-2021): "''Injective will [https://medium.com/avalancheavax/injective-is-integrating-with-avalanche-to-launch-a-diverse-array-of-interoperable-derivatives-43233b0b198f integrate] with the newly released [[Avalanche (AVAX)|Avalanche]]-[[Ethereum (ETH)|Ethereum]] Bridge (AEB) to create a two-way transfer zone between the Injective Chain and Avalanche."''
* [https://medium.com/paradigm-fund/c%C3%B8smos-network-the-internet-of-blockchains-is-here-demystifying-ethermint-althea-testnet-1-a18e706efcec From] [[Paradigm]] (24-2-2021): "''Injective will [https://medium.com/avalancheavax/injective-is-integrating-with-avalanche-to-launch-a-diverse-array-of-interoperable-derivatives-43233b0b198f integrate] with the newly released [[Avalanche (AVAX)|Avalanche]]-[[Ethereum (ETH)|Ethereum]] Bridge (AEB) to create a two-way transfer zone between the Injective Chain and Avalanche."''
Line 125: Line 128:
* They do have [https://docs.injectiveprotocol.com/#oracle documentation] on using an [[oracle]], but it is unclear what kind (19-10-2020).
* They do have [https://docs.injectiveprotocol.com/#oracle documentation] on using an [[oracle]], but it is unclear what kind (19-10-2020).
*[[Band Protocol (BAND)|Bandchain]] will be [https://medium.com/bandprotocol/bandchains-ibc-oracle-enables-injective-to-launch-the-world-s-first-decentralized-derivatives-3ecd5b9a8314 used] through [[Cosmos (ATOM)|IBC]] (15-11-2021).
*[[Band Protocol (BAND)|Bandchain]] will be [https://medium.com/bandprotocol/bandchains-ibc-oracle-enables-injective-to-launch-the-world-s-first-decentralized-derivatives-3ecd5b9a8314 used] through [[Cosmos (ATOM)|IBC]] (15-11-2021).
== Privacy Method ==
== Compliance ==
== Compliance ==
== Their Other Projects ==
== Their Other Projects ==
== Roadmap ==
== Roadmap ==
* Can be found [Insert link here].
* Can be found [Insert [[LINK|link]] here].
* [https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ From] [[Crypto Briefing]] (14-10-2020):
* [https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ From] [[Crypto Briefing]] (14-10-2020):
"''Outside of spot trading, they will also allow builders to create more complex [[derivatives]] products. Only [[perpetual swaps]] and [[Perpetual Contract|contracts]] for difference (CFD) are currently available."''
"''Outside of spot trading, they will also allow builders to create more complex [[derivatives]] products. Only [[perpetual swaps]] and [[Perpetual Contract|contracts]] for difference (CFD) are currently available."''
Line 137: Line 138:
* ''Release of public [[testnet]] V1.''
* ''Release of public [[testnet]] V1.''
* ''Launch of Incentivized Testnet Trading Competition.''
* ''Launch of Incentivized Testnet Trading Competition.''
* ''Launch of ERC-20 token.''
* ''Launch of [[ERC-20 token]].''
''2021 Q1''
''2021 Q1''
* ''Release of public testnet V2.''
* ''Release of public testnet V2.''
Line 143: Line 144:
''2021 Q2''
''2021 Q2''
* ''Launch of [[mainnet]] V1.''
* ''Launch of [[mainnet]] V1.''
* ''Implemention of bridges to multiple [[blockchain]] networks.''
* ''Implemention of [[bridges]] to multiple [[blockchain]] networks.''
* ''Adding of [[liquidity mining]] (yield farming) and staking incentives.''
* ''Adding of [[liquidity mining]] ([[yield farming]]) and staking incentives.''
* ''Swapping of token, from ERC-20 to native chain.''
* ''Swapping of token, from ERC-20 to native chain.''
''2021 Q3''
''2021 Q3''
* ''Launch of 10+ perpetual swaps and expiry futures.''
* ''Launch of 10+ perpetual [[swaps]] and expiry [[futures]].''
* ''Launch of [[cross-chain]] yield generation.''
* ''Launch of [[cross-chain]] yield generation.''
''2021 Q4''
''2021 Q4''
* ''Launch of [[DAO]] governance for community governed listings and market creation.''
* ''Launch of [[DAO]] governance for community governed listings and market creation.''
* ''Launch of staking pools on insurance funds.''
* ''Launch of [[staking pools]] on insurance funds.''
''2022 Q1''
''2022 Q1''
* ''Launch of institutional exchange interface.''
* ''Launch of institutional exchange interface.''
Line 157: Line 158:


== Usage ==
== Usage ==
* Injective has [https://blog.injective.com/injective-raises-40-000-000-to-advance-web3-finance/ reached] over 92 million on-chain [[Transaction (Tx)|transactions]]. [[Decentralized Applications (DApps)|dApps]] built on Injective have generated over $7 Billion in cumulative volume (10-8-2022).
=== Projects that use or built on it ===
=== Projects that use or built on it ===


* As Injective is a protocol, other [[Decentralized Exchange (DEX)|DEXs]] could be build on the Injective Protocol.
* As Injective is a protocol, other [[Decentralized Exchange (DEX)|DEXs]] could be build on the Injective Protocol. You can view all ecosystem projects and collaborators on the official Injective [https://injectiveprotocol.com/ecosystem ecosystem page].


== Competition ==
== Competition ==
Line 188: Line 192:


=== Funding ===
=== Funding ===
* Has [https://www.coindesk.com/pantera-capital-leads-2-6m-seed-round-for-dex-protocol-injective raised] $2.6 million in a seed funding round. Led by [[Pantera Capital]], the round also saw Asia-based [[QCP Soteria]], [[Axia8 Ventures]] and [[Boxone Ventures]], [[Bitlink Capital]] and others participate, Injective announced Wednesday.
*[[Prisma Finance (PRISMA)|Prisma]]; "Eric Chen and Mirza" were [https://mirror.xyz/0xcaD9653550286Eb1D4779D622A6a5218b446b57C/wYAgS4n7aL4tNFdxSed_m_5nrNXg_3yNc18CwBdCyfU part of] the first Prisma round (31-5-2023)
* "''One or more members of the [[Crypto Briefing]] Management team are investors in Injective Protocol."'' ([https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ 14-10-2020)]
*Injective has [https://blog.injective.com/injective-raises-40-000-000-to-advance-web3-finance/ raised $40M]. The funding round consisted of [[Jump Trading|Jump Crypto]] and [[BH Digital]] (10-8-2022).
*[https://twitter.com/CryptoAccordBot/status/1384528330624577540 From] twitter (20-4-2021):
*[https://decrypt.co/86185/defi-derivatives-project-injective-protocol-launches-mainnet-120m-incentive-program?utm_source=telegram&utm_medium=social&utm_campaign=smt From] [[Decrypt (DCPT)|Decrypt]] (17-11-2021):
 
''"Injective is launching an incentives program called Astro, which is worth $120 million to entice users to join the platform. The incentives program is expected to run for the next five years."''
*[https://twitter.com/CryptoAccordBot/status/1384528330624577540 From] [[twitter]] (20-4-2021):


''"Injective Protocol has raised $10M during private fundraising round. @[[Mark Cuban|mcuban]], @PanteraCapital, @[[Blocktower Capital|BlockTower]], @[[Hashed (Company)|hashed_official]], @cmsholdings, and @QCPCapital, participated in the round. The tokens were sold with 1 year lockup period at a $1B+ valuation."''
''"Injective Protocol has raised $10M during private fundraising round. @[[Mark Cuban|mcuban]], @PanteraCapital, @[[Blocktower Capital|BlockTower]], @[[Hashed (Company)|hashed_official]], @cmsholdings, and @QCPCapital, participated in the round. The tokens were sold with 1 year lockup period at a $1B+ valuation."''
 
* "''One or more members of the [[Crypto Briefing]] Management team are investors in Injective Protocol."'' ([https://cryptobriefing.com/defi-project-spotlight-injective-protocol/ 14-10-2020)]
* [https://decrypt.co/86185/defi-derivatives-project-injective-protocol-launches-mainnet-120m-incentive-program?utm_source=telegram&utm_medium=social&utm_campaign=smt From] [[Decrypt (DCPT)|Decrypt]] (17-11-2021):
*Has [https://www.coindesk.com/pantera-capital-leads-2-6m-seed-round-for-dex-protocol-injective raised] $2.6 million in a seed funding round. Led by [[Pantera Capital]], the round also saw Asia-based [[QCP Soteria]], [[Axia8 Ventures]] and [[Boxone Ventures]], [[Bitlink Capital]] and others participate, Injective announced Wednesday.
 
''"Injective is launching an incentives program called Astro, which is worth $120 million to entice users to join the platform. The incentives program is expected to run for the next five years."''
 
=== Partners ===
=== Partners ===
* On its [https://injectiveprotocol.com/ website] it called the following companies its 'family' (19-10-2020): [[Binance]], [[Pantera]], [[Hashed (Company)|Hashed]], [[XCP Capital]], [[StartX]], [[K42]], [[CMS]] and [[Bitlink Capital]]. 
* On its [https://injectiveprotocol.com/ website] it called the following companies its 'family' (19-10-2020): [[Binance]], [[Pantera]], [[Hashed (Company)|Hashed]], [[XCP Capital]], [[StartX]], [[K42]], [[CMS]] and [[Bitlink Capital]]. 
* [[Kava]] [https://medium.com/paradigm-fund/c%C3%B8smos-network-ethermint-v0-1-0-released-cosmwasm-launched-gaiaflex-its-governance-permissioned-12dae452efe8 announced] (26-8-2020) the strategic cooperation with Injective Labs, creators of Injective Protocol. 
* [[Kava]] [https://medium.com/paradigm-fund/c%C3%B8smos-network-ethermint-v0-1-0-released-cosmwasm-launched-gaiaflex-its-governance-permissioned-12dae452efe8 announced] (26-8-2020) the strategic cooperation with Injective Labs, creators of Injective Protocol. 
* [https://research.binance.com/en/projects/injective-protocol According] to [[Binance]] Research (12-10-2020) it is partners with [[Elrond Gold (eGLD)|Elrond]], [[Findora]], [[Frontier]] and [[Wootrade]]. 
* [https://research.binance.com/en/projects/injective-protocol According] to [[Binance]] Research (12-10-2020) it is partners with [[Elrond Gold (eGLD)|Elrond]], [[Findora]], [[Frontier]] and [[Wootrade]]. 
* [https://medium.com/bandprotocol/injective-protocol-launches-world-first-decentralized-stock-futures-trading-in-partnership-with-da7b8ed7679a Partnered] with [[Terra (LUNA)|Terra]], [[Mirror Protocol (MIR)|Mirror Protocol]], and [[Band Protocol]] to access the $90 trillion stock market in a permissionless manner. They all have links [https://www.youtube.com/watch?v=3_x1npL-SSw going back] to [[Stanford University|Stanford]] (10-1-2021).
* [https://medium.com/bandprotocol/injective-protocol-launches-world-first-decentralized-stock-futures-trading-in-partnership-with-da7b8ed7679a Partnered] with [[Terra (LUNA)|Terra]], [[Mirror Protocol (MIR)|Mirror Protocol]], and [[Band Protocol]] to access the $90 trillion stock market in a [[permissionless]] manner. They all have links [https://www.youtube.com/watch?v=3_x1npL-SSw going back] to [[Stanford University|Stanford]] (10-1-2021).


==(:==
==(:==
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Making these free wiki pages is fun but takes a lot of effort and time.
Making these free wiki pages is fun but takes a lot of effort and time.


If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
If you have enjoyed reading, tips are appreciated :) This will help us to [[keep]] expanding this archive of information.


[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[ETH]] tip [[address]]: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31
[[Category:Exchange]]
[[Category:Exchange]]
[[Category:Coins/Tokens]]
[[Category:Coins/Tokens]]

Latest revision as of 04:10, 1 June 2023

Injective Protocol is a fully decentralized layer-2 DEX protocol built for the next generation of decentralized derivatives exchange. The Injective Chain is a Tendermint-based IBC-compatible blockchain that supports a decentralized orderbook-based DEX protocol and a trustless ERC-20 token bridge to the Ethereum blockchain.

Basics

  • Based in:
  • Founded in: 2018, Q3
  • Their main offering of a DEX is not live yet (19-10-2020), you can sign up on their waitlist.
  • Canary Chain release: 30-6-2021. Dubbed the "Canary Chain", Injective Protocol currently only supports the Peggy Bridge, staking, governance, the oracle module, and the insurance fund.
  • Mainnet Canary Chain: Spot Trading Launch (28-7-2021).
  • Mainnet release: 17-11-2021
  • A L2 decentralized derivatives exchange protocol incubated by Binance Labs.

"Injective Protocol is building an environment for builders to erect powerful DEXes capable of derivatives products. Ethereum traders seeking a decentralized alternative to leaders like Uniswap, plus more complex trading products, may find Injective's value proposition enticing.  Disclosure: One or more members of the Crypto Briefing Management team are investors in Injective Protocol."

History

Audits & Exploits

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

Binance Launchpad Sale 9.00% of the total token supply
Seed Sale 6.00% of the total token supply
Private Sale 16.67% of the total token supply
Team 20.00% of the total token supply
Advisors 2.00% of the total token supply
Ecosystem Development 36.33% of the total token supply
Community Growth 10.00% of the total token supply

Utility

"Protocol governance, Exchange fee value capture, Derivative collateralization, Liquidity mining, Staking."

Token Details

Stablecoin

Coin Distribution

Tech

Implementations

How it works

"Injective’s architecture isn’t an automated market maker (AMM). Instead, it leverages a key feature from 0x protocol and is order book-based. In the Injective environment, relayers are replaced by nodes. Node operators earn fees for routing and matching orders. And like 0x relayers, node operators could each be independent DEXes within a larger network."

  • Injective Protocol is comprised of four principal components (12-10-2020):
  1. "Injective Chain
  2. Injective's smart contracts on Ethereum
  3. Injective API nodes
  4. Injective front-end interface

The Injective Chain is a fully decentralized sidechain relayer network which serves as a layer-2 derivatives platform, a Trade Execution Coordinator (TEC), and decentralized orderbook. Injective Chain utilizes the Tendermint consensus mechanism and the core protocol logic is implemented through Cosmos-SDK modules."

Fee Mechanism

Upgrades

  • Launched its multichain CosmWasm smart contracts (7-2022).
  • A list on it's 2021 achievements can be viewed here (4-3-2022). It includes testnets, partnerships and funding rounds. "Injective burn auctions begin (12-2021) and over $700,000 worth of INJ is burned in less than a month"
  • Dubbed the "Canary Chain", Injective Protocol currently (7-2021) only supports the Peggy Bridge, staking, governance, the oracle module, and the insurance fund.

Staking

  • Unbonding Period 21 days and can change through governance (12-7-2021).

Validator stats

Liquidity Mining

"Injective is launching an incentives program called Astro, which is worth $120 million to entice users to join the platform. The incentives program is expected to run for the next five years."

"Injective’s community will be able to capture value via liquidity mining programs that have been natively built onto the network to spur continuous growth."

Interoperability

  • From Binance Research (12-10-2020):

"The Injective Chain provides a two-way Ethereum peg-zone for ETH and ERC-20 tokens to be transferred to the Injective Chain as well as an EVM-compatible execution environment for DeFi applications. The peg-zone is based on Peggy and the EVM execution is based on Ethermint."

"Injective integrates with Polkadot to expand Injective’s decentralized cross-chain trading capabilities — it’s made possible by Moonbeam, which provides an Ethereum-compatible smart contract platform powered by Polkadot that makes it easy to build natively interoperable applications."

Scaling

Other Details

Oracle Method

Compliance

Their Other Projects

Roadmap

"Outside of spot trading, they will also allow builders to create more complex derivatives products. Only perpetual swaps and contracts for difference (CFD) are currently available."

  • From Binance Research (12-10-2020):

"2020 Q4

  • Release of public testnet V1.
  • Launch of Incentivized Testnet Trading Competition.
  • Launch of ERC-20 token.

2021 Q1

  • Release of public testnet V2.
  • Release of Incentivized Staking Competition and Ethereum bridge.

2021 Q2

2021 Q3

2021 Q4

  • Launch of DAO governance for community governed listings and market creation.
  • Launch of staking pools on insurance funds.

2022 Q1

  • Launch of institutional exchange interface.
  • Launch of crypto-backed traditional financial derivatives."

Usage

  • Injective has reached over 92 million on-chain transactions. dApps built on Injective have generated over $7 Billion in cumulative volume (10-8-2022).

Projects that use or built on it

  • As Injective is a protocol, other DEXs could be build on the Injective Protocol. You can view all ecosystem projects and collaborators on the official Injective ecosystem page.

Competition

Pros and Cons

Pros

  • Most market leaders, like Uniswap, do not offer derivatives products.
  • Claims (14-10-2020) to be scalable (Cosmos SDK), interoperable and that it can evade front-running; "To solve this problem, Injective introduces Verifiable Delay Functions (VDFs). VDFs are essentially time stamps that can be placed on transactions to ensure an orderly and fair sequence of orders." 

Cons

  • Early stage and faces an uphill battle to attract users away from Ethereum (19-10-2020).
  • Zero gas fees (19-10-2020).

Team, Funding, Partnerships, etc.

Team

  • Full team can be found here (19-10-2020).
  • Eric Chen; CEO & co-founder

Advisors

According to their website (19-10-2020):

Funding

"Injective is launching an incentives program called Astro, which is worth $120 million to entice users to join the platform. The incentives program is expected to run for the next five years."

"Injective Protocol has raised $10M during private fundraising round. @mcuban, @PanteraCapital, @BlockTower, @hashed_official, @cmsholdings, and @QCPCapital, participated in the round. The tokens were sold with 1 year lockup period at a $1B+ valuation."

Partners 

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