DeFi trading platform Injective Protocol is launching its mainnet after rolling out a $120 million incentive program for traders, market makers, and DeFi projects, the protocol announced this Tuesday.
First DeFi Cross-Chain Derivatives Markets
As per the press release, Injective Protocol is set to launch the world’s first DeFi derivatives markets using the IBC Oracle, the popular Cosmos-based third-party service that will provide access to external, off-chain data.
For now, traders will only be able to trade INJ (the protocol’s utility token), Bitcoin (BTC), Chainlink (LINK), Axie Infinity (AXS), and Wrapped Ethereum (wETH). The reason is that the INJ community has approved these coins for now. Further proposals for new markets will be rolling out soon, like new altcoins, Indexes, synthetic assets, and others.
The launch is a collaborative effort between IBC and Injective Labs. The latter has been harvesting capital from high-profile individual investors and venture capital firms.
We współpracy z: https://cryptopotato.com/injective-protocol-mainnet-goes-live-launches-120m-defi-incentive-program/
