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Videos

Cosmos Overview    • Cosmos (ATOM): Start of a BIG BANG fo...  
Defi Regulations    • DeFi's Regulatory Risk: Should YOU Wo...  

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TIMESTAMPS
0:00 Intro
2:07 What is Injective Protocol?
4:51 Injective Architecture
8:21 Exchange Client
9:50 INJ Token
13:02 Tokenomics & Price
15:11 Team & Investors
17:20 Final Thoughts

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⛓ Useful Links ⛓

► Injective Website: https://injectiveprotocol.com/
► Docs: https://docs.injectiveprotocol.com
► GitHub: https://github.com/InjectiveLabs
► Binance Research Report: https://research.binance.com/en/proje...

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What is Injective?

It is a universal Defi protocol which allows for crosschain derivative trading. An interoperable derivative dex protocol if you will.

Basically, it will allow users to trade spot, swaps and futures in a completely permissionless way. Not only that, but users will also be able to create their own derivatives and create a market for it on the injective protocol.

It is implemented as a Cosmos SDK module and is built with Ethermint (which is the EVM execution environment on Tendermint)

Some of the main benefits of Injective over current DEX protocols is that it is much faster and cheaper. This is because it is a layer 2 cosmos zone and hence does not have to put up with the congenstion that other Ethereum based Dex's do.

Architecture

Starting right at the top we have the injective chain. This is the core backbone of the injective layer 2 derivative platform. It hosts the:

decentralised orderbooks
trade execution coordinator
a bidirectional token bridge that connects the chain to ethereum
and the EVM execution environment

Within this execution environment, there are a number of smart contracts that perform functions on the Injective Chain. Two of those that I have already covered include the Trade Execution Cooridinator and the Bridge contract. There are three other contracts and these include:

The Staking contract
Futures Contracts
and the INJ ERC20 token contract

Front End

Injective has what is termed their Exchange Client. This is a frontend interface that will allow users to participate in the exchange in a completely permissionless manner. It is also open source which means that anyone can host the front end in their own environment.

INJ Token

INJ is injective's native token and will perform a number of functions within the Injective ecosystem. It is important to understand all of these use cases in order to determine it's lont erm value.

Broadly there are 5 main use cases for the token within the ecosystem. They are:

Protocol Governance
Exchange Fee Value capture
Collateral for the derivatives
Exchange Pariticipation Incentives
and proof of Stake security

The initial supply will be set 100 million tokens and they are tenatively setting the inflation rate at 7% initially. To be honest, I think that this is a reasonable emission rate and is enough to incentivise staking without diluting the rest of the ecosystem too much. They do, however, hope to eventually bring this down to about 2% eventually.

‍ Team ‍

They have pretty impressive credentials. They come from univeristies such as Stanford and NYU and have worked at companies like Amazon and Splash.

They have actually been working on Injective for quite some time as the original white paper was published back in December of 2018.

they were pretty well funded by some estbalished names in the blockchain space. Funds such as Pantera capital, CMS and Binance Labs. They also have a pretty strong roster of advisors from not only VC firms but also other defi projects.

They managed to raise about 500k in the seed sale and $5 million in the private sale. They also did a larger public sale through an IEO on the Binance launchpad. In fact, they are the only project that I know of that has been through both the launchpad and Binance labs. So, Binance clearly saw the potential here.

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Disclaimer

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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