Injective is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi.
Injective has a mission to build the most powerful cross-chain protocol for completely decentralized derivatives trading, where its ecosystem will serve as a DeFi gateway for trading across the multi-chain universe.
The protocol comprises the Injective Chain and the Injective exchanges. Injective Pro is their premier cross-chain decentralized derivatives exchange built on the Injective chain for decentralized perpetual swaps, futures, margin, and spot trading. With Unlimited Exchange, traders are able to get access to unlimited markets on user-friendly interfaces with zero gas fees, transact cross-chain, and execute sophisticated trades in seconds, all on a highly secure and fully decentralized and completely borderless platform.
Co-Founded by CEO Eric Chen, mainnet was launched Nov 16, 2021with a $120M incentive program named Injective Astro to promote liquidity and trading on the protocol.
The INJ token is Injective’s native utility token with an initial genesis supply of 100M INJ that have primary uses for:
Validators such as ourselves at Stakewith.us (and builders behind Unagii) operate nodes responsible for Injective operations and will earn staking rewards via transaction fees and distributed INJ tokens as incentives. Delegators (or users of Unagii) can help participate and secure the network with their votes by delegating their stakes to us on the Unagii platform to receive a portion of the rewards that validators receive.
Staking INJ allows Unagii users to become an early adopter of the first custom protocol built for DeFi and Web3, support the deployment of unlimited markets on Injective, participate in decentralized protocol governance, and earn Injective Astro Program rewards. Rewards are paid out on a per block basis and users can choose to withdraw or compound accumulated rewards. The INJ token is inflationary in nature with an annualized issuance rate of 7% and set to fall down to 2% over time.
Note that staking risks do apply, including slashing risks upon validator downtime and double-signing. There is also a 21 day unbonding period for users when unstaking INJ from the network. During this period, users will not be able to withdraw and earn rewards.
Staking INJ on Unagii is simple and convenient.
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