Hello guys, Ubong Ephraim here and welcome to a fresh episode of Matic Network spotlight with Ubong Ephraim. On this series I highlight happenings on the Matic Network, such as projects and DApps integrated on Matic Network, Matic Network’s integrations on protocols, partnerships and other important updates.
Today we’ll be talking about INJECTIVE PROTOCOL, the layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi.
MATIC NETWORK
Matic network is a blockchain solution that provides scalable, secure and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network. Matic network has made an effort to resolve the issues of scalability and usability without making a compromise on decentralization.
It is an off/side chain scaling solution for existing platforms to provide scalability and superior user experience to DApps/user functionalities.
Matic network was created to solve the problem of scalability associated with most blockchains and also accelerate transaction speeds.
When developers seek to deploy their solutions using blockchain technology, speed and scalability are two utmost features they look out for. Matic network solves these problems very well while adding additional features such as a smooth user experience and security.
More than 70 dApps have been built on Matic, ranging from DeFi protocols to games and prediction markets. With more validator nodes being onboarded on the Matic Network progressively, it is on the path to full decentralization and becoming the most sought after Layer 2 network in the blockchain ecosystem.
In today’s part of the series, we’d be looking at INJECTIVE PROTOCOL, the layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi.
INJECTIVE PROTOCOL
Injective Protocol is a fully decentralized Layer-2 DeFi protocol that unlocks the full potential of decentralized derivatives and borderless DeFi.
It is a robust, highly parameterizable DeFi protocol supporting a diverse array of derivatives including CFDs, perpetual swaps and more. With Injective, everyone has access to truly free and decentralized trading. Injective Protocol is pioneering a new decentralized economy where exchanging is a decentralized public utility and users and the community as well can get the resultant value capture from It’s exchange protocol.
These are the core features of Injective Protocol:
Injective Chain : The infrastructure powering next–generation DeFi applications
Injective Futures Protocol : Unlocking a new permissionless era of financial access
Injective Exchange : Pioneering a new model of exchange as a public utility
Injective Governance : Community owned and driven
Injective Protocol recently announced a strategic partnership with Matic to expand layer-2 derivatives trading globally. This collaboration will focus on four distinct verticals that aid in heightening DeFi adoption globally.
This collaboration would enable Matic assets to be listed on Injective in the coming months in order to further expand the derivatives markets available on the Injective DEX. This will allow Matic traders to have a new avenue via which they can interact with Matic tokens.
Also, Injective Protocol would be able to leverage on the layer-2 bridge Matic currently has on Ethereum. This means assets built on top of Matic can easily be ported over to Injective due to the fully EVM-compatible infrastructure of Injective Protocol. This will also enable Injective Protocol to explore new derivative products that utilize assets built on top of Matic.
It is a beautiful and noteworthy collaboration as both projects have a budding relationship and both CEOs are excited and look forward to using the relationship to further the horizons of decentralized finance.
Matic is rapidly becoming the go-to Layer 2 solution for developers, thanks to secure, scalable and instant transactions, secured by Ethereum. Matic Network layer 2 solution with all it’s awesome features continues to place it as a sought after tool for developing business solutions on the blockchain.
Want to build with Matic too?
For Developers building Dapps and looking for a scaling solution, do get in touch with Matic Network. They can help you not only achieve scale but also provide the best UI/UX to your users.
MORE INFORMATION :
Learn more about Matic Network at : https://matic.network/
Build with Matic Network : https://matic.network/build-n-earn
DApps on Matic Network : https://matic.network/dapps
MaticNetwork wallet : https://wallet.matic.network/
