DYOR Crypto Wiki
Advertisement

Basics

"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

  • Bug bounty program can be found [insert here].
  • Injective is Audited by Informal Systems (28-7-2021).

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

  • 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

Privacy 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

  • Launch of mainnet V1.
  • Implemention of bridges to multiple blockchain networks.
  • Adding of liquidity mining (yield farming) and staking incentives.
  • Swapping of token, from ERC-20 to native chain.

2021 Q3

  • Launch of 10+ perpetual swaps and expiry futures.
  • Launch of cross-chain yield generation.

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

Projects that use or built on it

  • As Injective is a protocol, other DEXs could be build on the Injective Protocol.

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

  • Has 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.
  • "One or more members of the Crypto Briefing Management team are investors in Injective Protocol." (14-10-2020)
  • From twitter (20-4-2021):

"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."

"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 

(:

Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!

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.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Advertisement