Injective Protocol is a layer-1 decentralized trading protocol that supports decentralized contracts for difference (CFDs), permanent swaps and other derivatives markets without paying gas fees.The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.
Injective Protocol consists of Injective Chain, Injective Futures and Injective DEX. Injective Chain avoids the drawbacks of the Ethereum blockchain and achieves a jump in performance. Injective Futures enables users to trade richer derivative assets with higher efficiency and experience. Injective DEX provides support for cross-chain asset transactions with better liquidity.
INJ is a native asset of Injective Protocol and can be used for a variety of functions, such as protocol governance similar to Yearn Finance (YFI) through DAO, value capture for transaction fees, derivatives collateral, liquidity mining, and Staking.
CEO Eric Chen and CTO Albert Chon co-founded Injective Labs in 2018. In the fourth quarter of 2022, Injective integrates with Kraken Exchange's mainnet for more liquidity
Above are only for introduction, not intended as investment advice.