Injective Protocol (INJ) is a decentralized exchange that offers cross-chain margin trading, derivatives and forex futures.
Injective Protocol (INJ) is a protocol created with the aim of decentralizing cryptocurrency platforms. The token of the protocol is INJ. INJ works with Ethereum Virtual Machine mechanism and Proof of Stake (PoS) algorithm.
The protocol is built on the Cosmos blockchain as a Layer 2 implementation. The protocol uses cross-chain bridges that allow investors to access cryptocurrencies from platforms such as Ethereum and Polkadot. Injective Protocol does not use an automatic constructor to manage liquidity. Instead, it follows the order book model commonly used on centralized stock and crypto exchanges.
Injective Exchange traders do not pay network gas fees when transacting. Instead, it uses INJ tokens to pay standard maker and buyer fees. In addition, the INJ token acts as the platform’s governance token to power Injective’s Proof of Stake-based chain. In addition, the token also serves the staking mechanism of the platform.
Injective Protocol Whose?
Injective Protocol was created by Injective Labs, which was founded in 2018 by Eric Chen and Albert Chon.
Eric Chen started his professional career in 2014 after graduating from NYU Stern business school in finance. After working as a research assistant at Desay Sv Automotive, Chen worked as an analyst at AXA Advisors. In 2017, he became an Innovating Capital researcher.
Albert Chon graduated from Stanford University with a master’s degree in Computer Science. In 2017, he worked as an engineer at Linc Global. He took a job as a software development engineer at Amazon in 2018, just before becoming a co-founder of Injective.
Injective Protocol Graphics
Injective Protocol Features
Injective Protocol is a decentralized exchange protocol that allows the transfer and trading of Ethereum tokens. This chain allows developers to use the Ethereum development tools they are used to. Investors have access to various modules within this protocol:
- Auction:It allows token holders to bid on baskets of tokens accumulated from exchange transaction fees.
- Exchange: It helps investors create new spot and derivatives markets. Order book management, transaction execution, order matching and settlement are managed programmatically on the chain.
- Insurance:It supports insurers that support the derivatives markets hosted on the exchange.
- Oracle:It takes real-world price data used to determine asset prices on the INJ exchange.
- Peggy:It allows ERC-20 token holders to convert their tokens into Cosmos native tokens.
