The Injective Protocol is a decentralized transaction Protocol based on the Ethereum network that incorporates a verifiable delay function (VDF) to prevent cheating and bad transactions through Proof of Elapsed Time to avoid order conflicts within the same block. In 2018, he received angel funding from Binance Labs' incubator program and ecological support from the incubator community StartX.

Instead of a single centralized organization, Injective aims to transform the platform into a fully decentralized community owned and controlled by a community of INJ holders. This community-driven concept underpins the deal, where the proceeds are shared entirely between the user and the token holder ective.

DEX is still in its infancy, and while DeFi is gradually coming to the masses, crypto derivatives are just getting started. Many derivatives platforms are still in their early stages and support very limited trading pairs. They use different mechanisms and have their own trade-offs. There are not many decentralized derivatives market projects that have done well.

The emergence of Injective Protocol (INJ) has created a modular, distributed asset trading ecosystem that will bring a wealth of derivatives to users, enabling efficient value discovery and complementing DeFi's absence in the derivatives space. Unlike other platforms using the AMM mechanism, INJ uses Layer2 side chain to achieve efficient transaction efficiency and is based on the Cosmos-Tendermint underlying protocol, which makes it possible to trade cross-chain assets; In terms of avoiding front-running, INJ uses the verifiable delay function VDF to create a publicly verifiable decentralized timestamp to order each transaction. In addition, INJ tries to integrate Boca and Binance smart chain to expand its ecosystem.

The ecology of The Injective Protocol consists of three parts: the Injective chain, the Injective trading platform and the Injective derivative Protocol. (1) The Injective chain is based on the Cosmos Zone, released on Layer2, and is used to host a time-stamp proof protocol for zero-trust, decentralized transactions; The Cosmos IBC protocol will be used to implement cross-chain transactions. (2) Injective trading platform is a completely decentralized trading platform developed based on Injective chain, which has the following characteristics: Put an end to early trading, high speed order matching, by the node to maintain a decentralized order book and access to transaction introduction rewards, free order listing and cancellation, no whitelist trading, without permission, open and fair trading market issuance. (3) Injective derivatives agreement is a decentralized point-to-point futures and continuous swap agreement, which can operate independently and be easily integrated. Various trading markets can be easily accessed and issued on their own markets. Everyone can create their own Bitmex, supporting arbitrage, hedging, leveraged contracts and other financial derivatives.

INJ, a native token of Injective's agreement, debuted in October 2020 and performs many functions in a protocol ecosystem, including protocol governance, node building, Staking, trading, transaction fee auctions, etc. The INJ token is used to manage key information for Injective, including derivative agreements (such as launching new projects), trading parameters and protocol upgrades. Users set up nodes to provide liquidity for their agreements. They can also participate in the Ecosystem of Injective: They host a node and get 40% of the transaction fee. Transaction nodes can be rewarded by providing improved interfaces tailored to underserved areas or by providing specific apis for specific transaction groups; Influencers can also earn on-chain referral rewards or offer discounts on on-chain fees to new users. 3. The owner of Staking can delegate INJ to an existing verifier, or become a verifier himself, to be rewarded for securing Injective's network, and will be allowed to participate in governance of Injective's protocol. 4. The easiest way to participate is to trade using Injective's decentralized derivatives trading platform. The platform's protocols are completely open and unlimited, allowing users to trade freely and even create new derivatives markets on the Ective protocol. Early adopters can earn additional INJ rewards through transactions and other means. Each month, the platform will collect the remaining 60% of the transaction fees and auction them off to the public through repo - auction. The currency holder can use the INJ to bid for the total transaction fee. Then destroy all the INJ proceeds from this auction, reducing the token supply.

1. Completely decentralized, users are not restricted by regions and countries, and KYC is not required. 2. Strong agreement protection mechanism for any preemptive trading and order collision. 3, pioneering VDF timestamp algorithm to determine the order order, so that transactions without additional Gas charges, order and cancel order to protect the rights and interests of users. 4. Based on cosmos-Tindermint, the base layer will be extended to the second layer, where the balance update of the user's single operation account is said to be within 1-2 seconds, with high speed to support transactions with high leverage. 5. The Derivatives Agreement will allow users to create token derivative pools at low cost and enable derivative financial product trading in the future. 6. INJ native token will have active users and has a traffic growth plan at the beginning of its launch. 7, with solid capital endorsement, international senior development team, multi-dimensional ecological strategic partner background.

1. Technically, Injective's order book is based on Cosmos, released at Layer-2 and implemented as the Cosmos SDK module, integrating with EVM and Peg Zone. 2. Traders can extend Ethereum transactions to Injective's chain without switching wallets or private keys. Orders are published on the Injective chain and settled in the Injective EVM environment. Based on Injective's proof of equity mechanism, users can quickly transfer assets across ethereum chains. 3. Injective DEX is a completely decentralized trading platform developed based on The Chain Of Injective. It has the following features: eliminating advance trading, placing orders and matching at high speed, maintaining a decentralized order book by nodes and getting rewards for transaction introduction, free order listing and order cancellation, no whitelist transaction, zero Gas fee, etc. 4. Injective Derivatives agreement is a decentralized point-to-point derivatives trading agreement, which can operate independently and be easily integrated. All kinds of trading markets can be easily accessed.

Token type: ERC20 Total issued: 100 million tokens Distribution: 16.66 million tokens to be unlocked in April 2021, accounting for 5% of the total private placement.

1. Decentralized derivative trading based on Layer2: Injective is able to trade quickly and charge zero gas fees; 2. Create an arbitrary market: Injective allows anyone to create an arbitrary derivatives market through a price subscription, providing more opportunities for trading than other exchanges do; 3. Cross-chain transactions and revenue generation: Injective supports various transactions and revenue generation activities across different Layer1 blockchain networks; 4. Community-driven network governance: Injective's network will be managed by its decentralized community, where new coins or parameter changes will be voted on in an autonomous organization (DAO); 5. Liquidity mining incentives: Injective's community will be able to motivate and capture value through liquidity mining.

1. INJ mining -- Users can obtain INJ by establishing a new derivatives market or participating in trading, which can be understood as "trading is mining"; 2. Fee rebate for relay node -- After becoming a relay node, 40% fee will be awarded for liquidity injection; 3. Security maintenance reward -- Pledge INJ in Injective Chain and other components, participate in the governance of Injective Futures, Injective Chain and components, will be rewarded.

Ective offers traders unlimited access to the new decentralized derivatives market and has a number of unique features such as making cross-chain gains on Ethereum, Cosmos and other decentralized networks, and unrestricted markets (users can create any derivatives market themselves).

The derivatives agreement is an important weapon for Injective, an open protocol that supports the development of open derivatives markets. It is also the world's first fully decentralized peer-to-peer futures and continuous swaps that allow easy access to various markets. Compared with other such products, Injective is DeFi's fastest, fully decentralized derivatives trading platform with no Gas fees.

As a Layer 2 side-chain solution, Injective Protocol doesn't have an obvious advantage over its competitors, shawn says, and seems to focus more on derivatives trading. It is true that derivatives trading has broad development space in DeFi field, but the volume of DEX derivatives trading is still limited at present. DEX of order book type is also an important development direction of DEX. In this field, due to relatively transparent technology, it is difficult to build long-term barriers, fierce market competition and rapid changes, and the investment risk of a single project is also high. However, the DEX remains the most intriguing area of the coin world, and the Injective Protocol is another project to watch.

1, how to solve the exchange depth problem. At present, there are a number of derivatives exchanges in the market, but due to their depth, few people use them, forming a vicious circle and unable to develop. 2. The Inter-chain development of Injective Protocol is based on Cosmos, which may depend on the development progress of the Cosmos project and network security.

Ective provides a vertically integrated infrastructure on which anyone can create and trade derivatives markets. Ective has launched perpetual contracts and deliverable futures, and more. They also unveiled the first decentralized trading of assets such as foreign exchange, equities and Yield Farming derivatives.