Injective Protocol Project Monthly Report｜January 2021
Welcome to the Injective January Newsletter!
In the first month of 2021, we launched the world's first decentralized stock and foreign exchange futures trading market, including the launch of futures trading markets for assets such as Tesla, Amazon, GameStop and the Japanese Yen.
We also released an online education platform, which expanded new channels for traders to learn about us. In addition, INJ also launched Huobi in January, established important partnerships with some of the world's top projects, and was selected into the Chicago DeFi Alliance.
Injective continues to break new ground, and our developers are constantly working on major product upgrades, while our business teams grow our community and forge partnerships with industry giants.
Next, we will list the important events of Injective in the past month, as well as the next dynamics.
january highlights
1. OnlineDecentralized Delivery Contract；
2. Launched the world's first decentralizedTesla, Amazon, Twitter, and GameStop stock futures, and received coverage from CoinDesk and many other mainstream media;
3. Launched the world's firstDecentralized Forex Futures Trading, while also adding EUR, JPY, GBP, FR, and RUB trading pairs;
HuobiHuobi；
5. Explain our Injectivefuture vision；
6. Joined the DeFi Alliance;
7. Successfully hosted more than 1 million transactionsTestnet Trading Competition；
andFantom、Cobo Wallet、Plasma Pay、Alliance Block、AcalaandUniLendIn cooperation, we have also partnered withRamp DeFi and TomoChainLaunched cross-chain Staking derivatives;
9. We hosted online discussions on lending protocols with AAVE, Yearn Finance, Placeholder, and Union Square Ventures, and we hosted another roundtable on synthetic assets with Band Protocol and Terra; in the Chinese market, Eric participated in Jinse Finance Online live event with Binance 101;
10. Launched his own educational platform on Injective BlogInjective Learn；
11. We partnered with blockchain communities Blockchain Education Network (BEN) and Crypto Chicks to expand our reach.
1. Release the decentralized delivery contract
At the beginning of the year, we launched InjectiveDecentralized Delivery Contract。
This is an important step towards the establishment of a fully decentralized derivatives trading platform. Now, our platform can not only create a derivatives market for encrypted assets, but also create a large number of trading markets that cannot be realized on other platforms, such as synthetic assets such as stocks and foreign exchange, and prediction markets.
2. Launched new stock futures markets (including Tesla, Amazon, and GameStop)
After witnessing Tesla's outstanding performance in 2020, we chose Tesla as Injective's first stock market. This marks the possibility for Tesla futures to be traded in a fully decentralized environment, an innovation that has received coverage from CoinDesk and many other mainstream media outlets.
Tesla is by far the most actively traded stock on Wall Street by market capitalization, with an average of $18 billion worth of shares traded per trading day over the past 12 months, while second-placed Apple averages daily trades. The amount is 14 billion US dollars.
Tesla stock futures market on the Injective platform
After that, we successively launched Twitter, Amazon and GameStop stock futures markets.
3. Decentralized foreign exchange futures trading
We became the first company to launch a fullyDecentralized Forex Futures Tradingplatform. Until now, forex trading has largely been limited to traditional markets and centralized trading platforms. Injective is leading a true paradigm shift in the industry by returning control of such assets to the masses.
The milestone garnered mainstream media coverage, including Cryptobriefing.
4. INJ listed on Huobi
INJ successfully launchedHuobi-- One of the world's largest digital asset trading platforms.
The Huobi team and we both have unique value in expanding the decentralized ecosystem, which will strongly promote the value of INJ to global users. We will have more activities with Huobi soon as we continue to strengthen our collaboration with the Huobi team.
5. Injective's vision for the future financial model
Since its inception, Injective has focused on creating a fully decentralized, permissionless, and high-performance platform. In this vision article we outline how Injective solves the problems that exist in cryptocurrency-native networks, and our vision for creating truly innovative financial products.
6. Injective has joined the DeFi Alliance
We become the newest member of the Chicago DeFi Alliance, past members include Synthetix and dYdX. When the mainnet launches in Q2, the alliance will power the platform alongside world-class liquidity providers and market makers.
7. The trading competition ended successfully
Injective Trading Contest Leaderboard Snapshot
The final data shows that during this trading competition, the number of transactions by global users has exceeded 1 million.
8. Partners
In January, we added many important partners to our growing ecological network:
we are withFantomCollaborate to speed up the application of synthetic assets.
Leading Crypto Wallet Coboand
andPlasma Payand
andAlliance BlockIn cooperation, Alliance Block is an implicitly decentralized layer-2 agreement, and together we will launch decentralized oil and gas futures.
Our Decentralized Finance Platform on Polkadot Acala Partnered to bring its novel multi-collateral stablecoin (Acala Dollar) to our derivatives exchange. For Injective, this is an important milestone as we further strengthen our collaboration with the Polkadot network to truly demonstrate the limitless capabilities of Injective.
With centralized lending platformUniLendWork together to unlock new Yield Farming opportunities.
we have started withRamp DeFi and TomoChainCollaborative development of cross-chain staking derivatives means that in the coming months, users will be able to leverage derivatives transactions across multiple layer-1 protocols. Our plan is to continue adding support for new stocks, indices, ETFs, and other unique derivatives on the Injective platform.
9. Online roundtables with core players in DeFi and traditional finance
During the month, we held several online events.
Lending Protocols and DeFi: Injective, YFI, AAVE, USV, and Placeholder
Playback link:
https://www.youtube.com/watch?v=IrWFy2l2ghI&feature=emb_logo
Synthetic Assets and Decentralized Stock Trading: Band Protocol, Terra, and Injective
Playback link:
https://www.youtube.com/watch?v=3_x1npL-SSw&feature=emb_logo
10. Injective online education platform
In January we launchedInjective Learn, a brand new blockchain education platform that publishes tutorials and how-to guides for traders of different experience levels. Our goal is to provide a comprehensive educational platform that enables learners to engage with everything Injective has to offer. Together with Injective Learn, we have launched our own Injective Blog and offer a lot of exclusive content on the blogging platform.
11. Community building
At the same time, we participated in many community building programs to accelerate our development.
We have partnered with the Blockchain Education Network (BEN) to provide entry-level traders around the world with trading strategies on a powerful, low-fee layer-2 DEX. The BEN team is now guiding students to learn from Injective Learn. Premium trading course content.
looking to the future
looking to the future
We are very grateful to our community members around the world for their continued support, and we can't wait to provide users with more updates this month as we continue to expand Injective's global reach.
