Injective Protocol Introduce Full Spot and Perpetuals Trading On Equinox
The first decentralized multi-chain exchange, Injective Protocol introduced the entire revamp of its Injective exchange. Users can test spots and perpetual contracts for a wide array of markets on Injective in preparation for our upcoming mainnet launch. The release marks the culmination of a number of major improvements across the frontend user interface as well as core backend logic for our orderbook model.
Trading on the exchange will also be an Equinox epic task. Specifically, users must submit 50 separate trades across 5 different markets, and earn a net positive PNL. Completing the epic task will result in a 3% APY boost for Equinox Staking.
Decentralized Governance
Both spot and perpetual markets are now launched based on governance proposals on Equinox. Users who have staked INJ are able to both propose new markets and vote on new listings, allowing the entire listing process to be governed by a decentralized community of stakeholders.
Heightened Transaction Speeds
The new infrastructure is projected to handle over 10,000 orders per second. To put this number into perspective, most leading decentralized exchanges today are able to process fewer than 20 transactions per second.
Novel Order Matching Model
Injective Protocol have implemented a new frequent batch auction model (FBA) that is both technically robust and competitive against centralized exchanges. They are able to eliminate predatory front-running while enabling the provisioning of deeper liquidity at tighter spreads by market makers.
Upgraded Oracle Module
The Injective oracle module allows markets to be proposed based on a variety of oracle providers such as Coinbase, Chainlink and Band Protocol. The oracle module was created in order to expand the choices of users on our protocol since it enables anyone to be able to select from a range of price feeds.
On Injective, any derivatives market can be launched using just a price feed. Its vast array of oracle providers will not only increase the range of available markets but also provide a robust decentralized infrastructure that aggregates prices from multiple sources. The mechanism behind the Injective oracle model helps ensure that prices cannot be manipulated.
ABOUT Injective Protocol
Injective is the first decentralized multi-chain exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective enables access to unlimited decentralized markets for futures, perpetuals, spots, synthetics, and much more. Injective is backed by a prominent group of stakeholders including Mark Cuban, Pantera Capital and Binance.
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