Introducing Injective Astro: A $120 Million Liquidity Incentive Program By Injective Protocol
Injective Astro will be the most monumental chapter in the history of Injective as it is one of the largest incentive programs not only within the exchange industry but also in all of DeFi.
The community has voted to launch Injective Astro: A $120 Million Incentive Program to bring liquidity and traders to Injective Protocol.
The launch of Injective Astro alongside the recent mainnet release and the cross-chain Injective Bridge provide powerful reward incentives and a seamless user experience for new traders to onboard onto the Injective ecosystem. Injective Astro aims to distribute 10 Million INJ (≈$120 Million) over the next five years in order to bring greater liquidity to the Injective Protocol.
Two sub-programs makeup Astro: Trade & Earn and DMM.
Dedicated Market Makers (DMM) Program — A total of 3,000,000 INJ is proportionally allocated to all qualified direct market making program participants, based on individual market making scores calculated every four weeks. DMMs are professional institutional market makers who help to provide liquidity to Injective. In order to retain a competitive environment, any market maker who is the worst performer for two consecutive epochs will lost all of their unvested rewards and can be eliminated from the program.
Trade & Earn Program: A total of 7,000,000 INJ is proportionally allocated to all trading participants for their maker and taker orders every week. All users of Injective can benefit from this reward pool.
A page for viewing rewards for DMM and Trade & Earn will be made available directly on the Injective Exchange itself through a new Rewards tab. DMMs and traders alike will be able to view their earned rewards and how much in total rewards have been distributed within the current epoch (approximately a four-week period).
“Our mission at Injective has always been to build the most powerful cross-chain protocol for completely decentralized derivatives trading. As Injective interconnects new chains, the ecosystem will continue to serve as a DeFi gateway for trading across the multi-chain universe. Injective Astro will bring forth a flood of new liquidity and user adoption for the protocol, taking Injective to new heights,” — Eric Chen, Injective Labs co-founder and CEO.
Get Started and Earn Rewards Today
Make your first trade and be the first to grab a piece of the 162,217 INJ reward pool, which amounts to nearly $2,000,000 in rewards this month alone!
ABOUT Injective Protocol
Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban.
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